KSH Confirms 6.2% Industrial Output Growth For Aug
- 15 Oct 2015 9:00 AM
Hungary’s industrial output grew by an annual 6.2% in August, the Central Statistical Office (KSH) said in a second reading of data, confirming its first estimate. The index adjusted for the number of workdays also increased by 6.2%. In a month-onmonth comparison, industrial output fell by 2%, according to seasonally and workday-adjusted data. In the first eight months of 2015, industrial output was up 6.6% from a year earlier.
Hungarian industry performed exceptionally well in August in spite of the usual summer-holiday lull and factory shutdowns, Béla Glattfelder, state secretary at the economy ministry, told public television’s M1 news channel.
He said that output growth of above 6% put Hungary in Europe’s top league. A major expansion of exports aided industry and thanks to this Hungary is likely to enjoy a record foreign trade surplus this year.
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