The contents of this website are no longer being updated. You can access all the latest Hungarian news in English formerly featured on the Hungary Matters website and daily newsletters at our refurbished mti.hu portal.

The must-have newsletter about Hungary

HUNGARY INDUSTRIAL OUTPUT UP 14.4% YR/YR IN AUG

 

Output of Hungary’s industrial sector rose by an annual unadjusted 14.4% in August, the Central Statistical Office (KSH) said in a second reading of data on Thursday. Adjusted for the number of working days of which there were two fewer in the base period, output increased by 9.3%, accelerating from 6.6% in the previous month, KSH said. Output of the automotive industry, Hungary’s biggest manufacturing sector, rose by an annual 58.0%, albeit from a low base hit by shutdowns, KSH said. The automotive segment accounted for 21% of manufacturing sector output in August. The detailed data show output of the computer, electronics and optical equipment segment, accounting for 11% of manufacturing, rose by an annual 25.6%. Output of the food, drinks and tobacco segment, which made up 14% of manufacturing sector output, climbed by 13.7%. Output in the January-August period rose by an annual 6.1%. Month on month, output edged up a seasonally and working day-adjusted 0.1%.