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HUNGARY INDUSTRIAL OUTPUT UP 4% YR/YR IN JULY

 

Hungarian industrial output grew by an unadjusted annual 4% in July, quickening from growth of 1.5% in the previous month, the Central Statistical Office (KSH) said in a detailed release of data on Friday. Adjusted for the number of working days, July output was up 6.6%. Month on month, output grew by 1.1%, based on seasonally and working day-adjusted data. Output of the automotive industry, Hungary’s biggest manufacturing sector, increased by an annual 16.6%, and was up 2.9% from the previous month. Output of the computer, electronics and optical equipment segment rose by 14.4% year on year. The food, drinks and tobacco segment rose by an annual 7.4%. In the January-July period, output increased by 4.9% from the same period a year earlier.