KSH: Hungary’s industrial output up 5.3% in April

Automotive

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Industrial production in Hungary increased by 5.3% in April, compared to the same month a year earlier, according to a first release of data published today by the Central Statistical Office (KSH). The sudden uptick in production bodes well for the countryʼs GDP growth figures.

In a month-on-month comparison, the countryʼs industrial production was up 5.4% in April. 

In the first four months of the year Hungaryʼs industrial output was up by only 1.5% compared to the same period a year earlier.

The volume of industrial output fell 4.6% in March, chiefly due to a 6.7% fall in the output of the countryʼs automotive sector.

The increase in production should boost GDP growth, which had its first negative quarter in four years in Q1.

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