Industrial sector output rose 22% y.o.y. in June

Industrial

Image by Pixabay

Output of Hungary's industrial sector rose 22% year-on-year in June, albeit from a low base, the Central Statistical Office (KSH) said in a first reading of data released today. 

KSH said all branches of manufacturing contributed to the increase; however, growth "slowed significantly" in the vehicle manufacturing segment and "to a lesser degree" in the computer, electronics and optical equipment as well as the food, drink and tobacco products segments. 

Adjusted for the effect of workdays, industrial output increased 18.6%. 

In a month-on-month comparison, output edged down a seasonally- and workday-adjusted 0.3%

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.