Vehicle makers boost industrial output in February
A strong performance by Hungary's vehicle manufacturers continued to lift industrial output in February, a second reading of data published by the Central Statistics Office (KSH) on Monday shows.
Output of the vehicle manufacturing segment jumped 27.2% in February from the same month a year earlier. Output of the computer, electronic and optical equipment segment fell by 7.7%, output of food companies rose 3.1% and chemicals output increased 17.1%. Pharmaceutical sector output was down 4.1%, but rubber and plastics output rose 2.0% and machinery output climbed 5.5%.
Overall output of Hungary's industrial sector rose an unadjusted 8.1% year-on-year in February. Adjusted for the number of workdays, output was also up 8.1%. Output growth accelerated from 6.1% in January. The increases came from a low base in both months.
In a month-on-month comparison, seasonally- and workday-adjusted output rose 1.6%.
Domestic sales of industrial companies fell 0.5% year-on-year in February. Export sales were up 11.4%.
ADVERTISEMENT
Number of Road Accidents Involving Injury Edges Higher in Q3
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Hungarian Companies Participate in EU Cloud Computing Projec...
Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust
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.
