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KSH: Industrial output grows 5.8%

Automotive

Hungary's industrial output rose by a year-on-year 5.8% in November according to both workday-adjusted and unadjusted figures, the Central Statistics Office (KSH) said in a second reading of data today. The figures were the same as those in the first reading published earlier.

Domestic sales and export sales both saw a year-on-year increase of 1.5% and 8%, respectively. Output volume of Hungary's vehicle manufacturing companies, which is considered an engine of growth in Hungary's industrial sector, grew by a sharp 19% in the twelve months leading up to November.

Output of the computer, electronics and optical equipment segment, which also accounts for a big slice of the industrial sector, was up 1.8% from a year earlier, KSH said. The output of food companies also rose 1.8%, primarily on domestic sales.

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