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

Industrial

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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%

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