Automotive sector output up 13.6% y.o.y. in June

Automotive

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%.

 

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.