ADVERTISEMENT

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.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.