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Hungary's Industry Shrinks More Than Expected on Battery Woes
Hungary's Industry Shrinks More Than Expected on Battery Woes

Bloomberg

time2 days ago

  • Business
  • Bloomberg

Hungary's Industry Shrinks More Than Expected on Battery Woes

Hungary is struggling to turn its industrial sector around, data showed Friday, as weakness in battery production continues to pull back manufacturing. Industrial output declined 2.6% in May compared to a year earlier, the Budapest-based statistics office said. That was substantially worse than any of the forecasts in a Bloomberg survey, where the median projection was for a 1.5% contraction. Month-on-month, production was 1.3% lower.

German industrial orders fall 1.4% in May
German industrial orders fall 1.4% in May

Reuters

time2 days ago

  • Business
  • Reuters

German industrial orders fall 1.4% in May

July 4 (Reuters) - German industrial orders fell much more than expected in May due to a one-off effect, official data showed on Friday. Orders declined by 1.4% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a fall of 0.1%. The slump was primarily due to the substantial decline of 17.7% month-on-month in orders in the computer, electronic and optical products sector, where several large-scale orders were recorded in April. Furthermore, strong decreases were also observed in the electrical equipment and basic metals sectors. Foreign orders rose by 2.9% on the month, with orders from the euro zone decreasing by 6.5% and orders from outside the euro area increasing by 9.0%. Domestic orders fell by 7.8% on the month, the statistics office said. The less volatile three-month on three-month comparison showed that new orders in the period from March to May were 2.1% higher than in the previous three months.

Croatian consumer prices rise 3.5% in May on the year
Croatian consumer prices rise 3.5% in May on the year

Reuters

time16-06-2025

  • Business
  • Reuters

Croatian consumer prices rise 3.5% in May on the year

June 16 (Reuters) - Croatian consumer prices rose 3.5% in May on a yearly basis, confirming an earlier flash estimate, according to data released by the statistics office on Monday, with the restaurants and hotels sector surging 9%, the biggest sectoral increase in May. Restaurants and hotels contributed 0.46 percentage point to overall consumer price growth, the data showed. Food and non-alcoholic beverages surged 5.7%, the largest contribution to the overall rise at 1.52 percentage points. Miscellaneous goods and services rose 6.2%, while recreation and culture prices climbed 5.8%. Housing, water, electricity, gas, and other fuels rose by 5.6%, with prices in education up 5.3%. Transport and clothing and footwear prices declined by 1.9% and 1.7%, respectively. Compared with April, consumer prices increased by 0.3% on average.

German industrial orders unexpectedly rise in April
German industrial orders unexpectedly rise in April

Reuters

time05-06-2025

  • Business
  • Reuters

German industrial orders unexpectedly rise in April

June 5 (Reuters) - German industrial orders unexpectedly rose in April thanks to strong domestic demand, the federal statistics office said on Thursday. Orders rose by 0.6% on the previous month on a seasonally and calendar-adjusted basis. A Reuters poll of analysts had pointed to a fall of 1.0%. The less volatile three-month on three-month comparison showed that new orders in the period from February to April were 0.5% higher than in the previous three months. The statistics office also revised the data for March to a 3.4% increase on the month, instead of the previous 3.6%. Foreign orders fell by 0.3% on the month, with new orders from the euro zone increasing by 0.5% and new orders from outside the euro zone declining by 0.9%. Domestic orders rose by 2.2% on the month, the statistics office said.

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