Industrial output in March up 10.6% y.o.y.
Figures released by the Central Statistics Office (KSH) today indicate that in March 2014, industrial gross output in Hungary increased 10.6% year-on-year, with vehicle and transport equipment manufacture playing particularly key roles in the upswing.
With adjustment for workdays, the increase was 8.1% y.o.y. For the first quarter of 2014, KSH figured that output increased 8.4% year-on-year. The month-on-month increase for industrial output in March was 0.4%.
According to KSH, industrial export sales rose 11.9% y.o.y. for Q1 and by 14.7% in March. In the month, transport equipment exports jumped 26% over March 2013.
Vehicle manufacturing output increased a reported 28.3% y.o.y. in March; output in computer/electronics manufacturing was up 1.6%, the first observed increase since March 2011, and buoyed the 20% rise in consumer electronics. Other notable increases were seen in chemical production (up 26.4% y.o.y.) and pharmaceutical production (up 25.1%).
While industrial sales on the domestic market declined by 3.0% y.o.y. in Q1 and 3.2% in March, domestic sales in manufacture were 6.4% y.o.y. for the month.
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.