KSH: Hungary’s industrial output up 5.3% in April
pixabay
Industrial production in Hungary increased by 5.3% in April, compared to the same month a year earlier, according to a first release of data published today by the Central Statistical Office (KSH). The sudden uptick in production bodes well for the countryʼs GDP growth figures.
In a month-on-month comparison, the countryʼs industrial production was up 5.4% in April.
In the first four months of the year Hungaryʼs industrial output was up by only 1.5% compared to the same period a year earlier.
The volume of industrial output fell 4.6% in March, chiefly due to a 6.7% fall in the output of the countryʼs automotive sector.
The increase in production should boost GDP growth, which had its first negative quarter in four years in Q1.
ADVERTISEMENT
Voluntary Pension Fund Contributions Climb Nearly 7%
Szijjártó: Central Asia 'Very Important' Bridge for East and...
Business Chamber, Ministry Sign Cooperation Agreement
Hungarian Horizons Auction Featuring Best of Contemporary Ar...
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.
