In a month-on-month comparison, industrial output rose a seasonally- and workday-adjusted 2.7%. Ildikó Mikó of KSH said the increase is primarily due to the automotive sector and to a smaller extent the food industry.
Although the detailed figures will only be released later, analyst Gergely Gabler of Erste told news agency MTI that industrial production for domestic sales probably performed more weakly in September while output for exports could have returned to the high level of the months preceding August.
Zoltán Reczey of Buda-Cash Brokerház attributed the August fall in output to Audi’s temporary shutdown, adding that the effects of the Russian embargo could also be felt in the food sector, MTI said. He added that vehicle production is likely to have recovered in September.
Dávid Németh of K&H told MTI that the September data clearly shows that the August slowdown in industrial output was a one-off change due to the summer shutdown of the Audi plant and the more moderate output of the Suzuki factory.
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.
