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Hungary’s industrial production grows 11.1% in August

Automotive

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The volume of Hungary’s industrial output increased by 11.1% in August as compared with the same month a year earlier, Hungary’s Central Statistical Office (KSH) said today in a first reading of data.

Based on working day adjusted data, the volume of production grew by 3.5%, while according to the working raw data it was up by 2.3% in August. KSH said the significant difference between the two figures is due to the fact that there were three more working days in August 2016 than a year earlier.

Industrial output in August – according to seasonally and working day-adjusted indices – was above the level of the previous month by 1.6%, KSH said.

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