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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%.