KSH: Hungary’s industrial output up 11% in June
Industrial output in Hungary saw a year-on-year growth of 11% in June, while the index adjusted for the number of workdays increased 6.0%, the Central Statistical Office (KSH) said today in a first reading of data.
KSH said that output increased 7.3% in the first six months of this year in year-on-year terms, while the volume of industrial production in June – according to seasonally and working-day adjusted indices – was above the level of the previous month by 1.1%.
The unadjusted figure is the highest monthly increase since March this year and accelerated from 1.6% in the previous month.
According to Hungarian news agency MTI, KSH official Miklós Schindele said the trend of the previous months is continuing, with industrial output growth still driven by the automotive sector.
A second reading of data is scheduled to be published on August 12.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
