Tuesday, Hungary's Central Statistical Office revealed in a preliminary report that the industrial production dropped 28.9% year-over-year in February, compared with a 22.9% fall in the previous month.

On a working day adjusted basis, industrial production declined 28.9% annually in February, after falling 21% in January.

Month-on-month, industrial production decreased a seasonally and working day adjusted 4.1% in February, after a 2.5% decline in the preceding month.

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