KSH: Hungary’s industrial output up 11.6% in March
Industrial output in Hungary saw a year-on-year increase of 11.6% in March according to unadjusted data, accelerating from 6% in February, with the workday-adjusted index showing 9% output growth, detailed data released by the Central Statistics Office (KSH) today reveal. Domestic sales rose 11.4% in March, while export sales were up 13.9%, KSH added.
KSH noted that a strong performance by the automotive industry as well as increases in the food industry and the computer, electronic and optical products segment supported growth in Hungaryʼs industrial sector in March.
In the same month, a decrease was observed in two of the thirteen subsections of manufacturing, while volume increases of 1.5 to 25% were measured in the other subsections compared to the same month of the previous year, KSH said.
According to KSH, the output of computer, electronic and optical products (having the second greatest weight, and making up 11% of manufacturing) rose by 11% year-on-year. Out of the two dominant classes of the subsection, a slight increase (0.5%) was measured in the lesser, in the manufacture of communication equipment, while an outstanding growth (32%) was recorded in the larger subsection, in the manufacture of consumer electronics.
Output of food products, beverages and tobacco products ranked third in manufacturing (accounting for more than one tenth of manufacturing) grew by 12%. A decline was measured only in one of the 11 groups of the subsection, while volume increases of 1.0 to 27% were recorded in the others, KSH added.
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