Hungarian news agency MTI noted that the automotive sector continued to be the chief engine of growth in Hungaryʼs industrial production, with output of the sector growing by a year-on-year 15.3% in July, however, slowing from a y.o.y. rise of 21.2% in June. The headline increase for the industrial sector was 3.4%, KSH confirmed.
According to data from KSH, industrial export sales grew by a year-on-year 4.6%. Out of the two manufacturing subsections accounting for more than half of export sales, the export of transport equipment representing almost 40% of manufacturing exports, increased by 11.9%, KSH said. In the manufacture of computer, electronic and optical products – the other significant subsection providing 13% of manufacturing exports – the export volume declined by 1.8%, KSH data suggest.
Industrial domestic sales grew by 1.5%, within this, the domestic sales of manufacturing were 5.6% higher year-on-year, KSH noted.
With regards to the various sections of industry, production in manufacturing increased by a year-on-year 4.3%, while that of mining and quarrying (having little weight) fell by 6.8%. The output of the energy industry (electricity, gas, steam and air-conditioning supply) remained unchanged, KSH added.
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