Automotive sector output up 13.6% y.o.y. in June
The output of Hungary's automotive sector, which accounts for the biggest share of manufacturing in the country, was up 13.6% year-on-year in June, albeit from a low base, according to a detailed reading of data released by the Central Statistical Office (KSH).
Growth in the sector, which accounted for 25% of total manufacturing output in June, slowed from a 80.9% increase in May. Output of the computer, electronics and optical equipment segment, accounting for 12% of manufacturing, rose 19% in June.
Output of the food, drinks, and tobacco segment, which made up 11% of manufacturing sector output, increased 12.7%. Output of electrical equipment manufacturing, which has a moderate contribution to manufacturing, jumped 69.9%, while the output of rubber, plastic, and non-metallic mineral products climbed 25% and the output of basic metals and fabricated metal products rose 34%.
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