KSH: Industrial output of Hungary climbs 11.3%

Automotive

Output of Hungary's industrial sector rose by 11.3% in June y.o.y, according to both raw and workday-adjusted data, the publication of Central Statistics Office (KSH) displaying the first reading of its data revealed today.

This is the highest monthly y.o.y. growth rate in H1 as compared with May’s 10.1%, April’s 9.7% and March’s 10.7% increase according to unadjusted data, KSH noted.

June experienced a 1.8% growth month-on-month according to seasonally and calendar-adjusted figures. Industrial output saw a 9.4% year-on-year growth in H1.

Miklós Schindele, deputy department head at KSH, said vehicle manufacturing continues to play a key part in the positive output growth figure, although all areas in the manufacturing sector showed an increase.

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