KSH: Industrial output climbs 10.6% in March

Automotive

Output of Hungary's industrial sector rose an unadjusted 10.6% in March from the same month a year earlier, reported by the Central Statistics Office (KSH) on Thursday. The increase accelerated from 8.2% in February.

Adjusted for the number of workdays, output was up 8.1%, nearly level with the 8.2% increase in February. In a month-on-month comparison, seasonally, and workday, adjusted output increased 0.4%, following a 1.4% rise in February. A second reading of the data will be published on May 14.

Erste senior analyst Gergely Gábler said the strong performance of the industrial sector in March was likely to prompt an upward revision in the bank's projection for full-year growth of 5.5%. K&H Bank chief analyst Dávid Németh said the data show the support of the recovery in Western Europe, noting that 60% of industrial output is exported.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.