Thursday, the Hungarian Central Statistical Office said in a preliminary report that the industrial production fell a working day adjusted 19.6% year-over-year in March, after falling 25.4% in February.

The gross industrial output decreased 15.6% on an annual basis in March.

Month-on-month, industrial production dropped a seasonal and working day adjusted 4.3% in March, after a 4.1% fall in February.

For the January to March period, industrial production declined 22.3% compared to the same period of the previous year.

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