Hungary’s Industry Output Up 6.3% In April

  • 14 Jun 2019 9:20 AM
  • Hungary Matters
Hungary’s Industry Output Up 6.3% In April
Hungary’s industrial output grew by 6.3% in April, the Central Statistical Office (KSH) said in a second reading of data.

In a month-on-month comparison, industrial output fell by a seasonally and working day-adjusted 1.1%. Growth in the automotive sector slowed to 9.3% in April, after expanding at the fastest rate in two-and-a-half years in the previous month.

The automotive sector accounts for about 30% of manufacturing output. Output of the computer, electronics and optical equipment sector, which accounts for around 11% of manufacturing output, fell by 2.0%, showing a contraction for the first time in more than half a year. Output of food, drink and tobacco products increased by 10.9%.

Headline industrial output rose by an annual 6% in April, adjusted for the number of work days in the period.

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