KSH confirms industrial production up 2.3% in H1

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Although the volume of industrial output in Hungary declined by 0.3% in June compared to the corresponding month a year earlier, industrial production rose by 2.3% in the first six months of this year compared to the first half of 2015, the Central Statistical Office (KSH) confirmed today in its second estimate of industrial data.

The volume of industrial production – according to seasonally and working-day adjusted indices – fell below the level of the previous month by 2.4% in June, KSH said. 

The volume of industrial export sales declined by 0.9% in June, as compared to the same month a year earlier, while industrial domestic sales fell by 4.1%, the office reported.

Of the sectors of industry, production increased by 0.2% in manufacturing, which represents a decisive weight (96%), and by 1.2% in the energy industry (electricity, gas, steam and air-conditioning supply), while it dropped by 5.3% in mining and quarrying (which carry little weight) in year-on-year terms in June.

Total new orders in the observed subsections of manufacturing declined by 2.6%. Within this, the volume of new domestic orders rose by 1.9%, while that of new export orders dropped by 3.3%, the KSH noted.

In the first half of the year, industrial production rose by 2.3%, with the volume of export sales – representing 66% of all sales – growing by 2.6%, and that of domestic sales – accounting for 34% of all sales – decreasing by 1.4%, according to the KSH.

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