Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
The annual figure matched the preliminary reading, while the monthly increase was adjusted for seasonal and working-day effects.
Transport equipment production, accounting for 27% of manufacturing output, rose 18%, with motor vehicle manufacturing up 35%. Computer, electronic and optical production increased 19.7%, the strongest growth among manufacturing subsections, supported by a 46% jump in computers and peripheral equipment.
However, output declined in most manufacturing subsections. Electrical equipment production fell 6%, including a 15.2% drop in batteries and accumulators. Food, beverage and tobacco output decreased 2.3%, while coke and refined petroleum production recorded the steepest decline, at 14%.
Industrial export volumes rose 6.3%, with transport equipment exports up 15.7% and computer, electronic and optical exports increasing 36%. Domestic industrial sales edged up 0.9%.
New orders in the manufacturing divisions surveyed grew 17.8%, driven by a 20% increase in export orders. The total stock of orders at the end of July stood 46% above its level a year earlier.
In January-July, industrial production increased 2.7%. Export sales, accounting for 65% of total sales, rose 3.3%, while domestic sales fell 2%. Production declined in seven of the 13 manufacturing subsections, underscoring the uneven performance behind the overall expansion during the period.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
