Automotive manufacturing output up 6.8%
The output of automotive manufacturing, the most significant segment of Hungary's industrial sector, rose 6.8% year-on-year in January, after six consecutive months of declines, according to a detailed reading of data released by the Central Statistical Office (KSH).
The automotive segment, which accounts for around one-fifth of the manufacturing sector, has been hit by production shutdowns and scale-backs due to the global semiconductor shortage.
The detailed data shows the output of the computer, electronics, and optical equipment segment, accounting for 11% of manufacturing, edged down 0.2% y.o.y. in January.
Production of the food, drinks, and tobacco segment, which made up 12% of manufacturing sector output, increased 13.7%.
Headline industrial output rose 8.9%, the fastest rate since summer, KSH confirmed. Adjusted for the number of workdays, output rose 7.1%.
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