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Machinery, automotive sectors lift industrial output in July

Construction

The machinery and automotive sectors lifted Hungary's industrial output in July, a detailed reading of data published by the Central Statistics Office (KSH) on Friday show. Industrial output rose an unadjusted 4.8% year-on-year in July, KSH said in the second reading, the same as in the first reading published on September 6. 

The detailed data show gross output of the machinery and equipment sector rose 11.9%, while automotive industry companies' output climbed 12.8%, no doubt lifted by capacity expansions at the local units of Germany-based carmakers Daimler, Audi and Opel. Output of the computer, electronic and optical sector fell 7.3%.

Adjusted for the number of workdays, output rose 2.5% in July. In a month-on-month comparison, output edged up 0.3%. Domestic sales slipped 0.7% year-on-year in July, but export sales rose 4.6%.

Order stock in the manufacturing sector was up 9.1% in July from twelve months earlier. New order stock rose 5.9% as new export orders climbed 4.2% and new domestic orders jumped 17.8%.

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