Automotive sector accelerates in September

Automotive

Hamik/Shutterstock

The recovery of Hungaryʼs automotive sector, normally a key element of industrial growth, accelerated in September, according to a detailed reading of data released by the Central Statistical Office (KSH).

Image by Hamik/Shutterstock.com

The output of the automotive sector rose 7.8% year-on-year in September, picking up from a 6.4% increase in the previous month.

The sector, which accounted for 32% of manufacturing output in September, had contracted for several months after pandemic shutdowns in the spring.

ADVERTISEMENT

COVID changes workplace preferences of office workers Analysis

COVID changes workplace preferences of office workers

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.