Industrial output down 6.9 percent in May
May output dropped by 4.6 percent when adjusted for the number of workdays.
Month on month, output rose by a seasonally and workday-adjusted 1.6 percent.
Commenting on the data, Gergely Fabian, a state secretary of the Ministry of Economic Development, said industrial output was probably “past its lowest point caused by the sanctions and the sector is expected to return to a growth path later this year”. “Growth will continue to be driven by the automotive and electrical equipment sectors”, he added.