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Vehicle industry output rises faster than average in H1

The output of Hungary's vehicle industry increased more than 7% in the first half of 2005 compared to the same period a year earlier, faster than the rise of industrial output overall, undersecretary at the Economy and Transport Ministry Tibor Szanyi told a vehicle industry conference in Budapest on Monday. Hungary's vehicle sector employs almost 100,000 people and accounts for 14% of industrial output, including 25% of exports. Last year vehicle manufacturers' investments came to Ft 158 billion, 40% more than in 2004.