Industrial output up 4.4% y-o-y in January
In January 2019, the volume of industrial production grew by 4.4% year-on-year, according to a first estimate of data issued Thursday by the Central Statistical Office (KSH). Based on working day-adjusted data, output rose by 5.0% over the month.
The manufacturing sector made the biggest contribution to growth in January, the KSH said. The pace of growth slowed in the key automotive segment, as well as in the computer, electronics and optical equipment segment, but the increase in the food, drink and tobacco products segment was close to headline growth, it added.
Industrial output in January – according to seasonally and working day-adjusted indices – was 0.6% above the level of the previous month.
A second, more detailed estimate of industrial production in January will be published by the KSH on March 13.
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.