Hungary’s Industrial Output Up 2.4% In January

  • 13 Mar 2020 6:45 AM
  • Hungary Matters
Hungary’s Industrial Output Up 2.4% In January
Industrial output in Hungary rose by an annual 2.4% in January, the Central Statistical Office (KSH) said, confirming the preliminary estimate.

Adjusted for the number of working days, output was up 2.7%. Month on month, output rose by 4.6%, adjusted for seasonal and workday effects, KSH said.

Output of Hungary’s automotive sector, an engine of industrial growth, climbed 10.6% year on year, picking up after a decline in the previous month. Output of the sector, which accounts for about 31 % of total manufacturing output, had fallen by 10.4% in December.

Output of the computer, electronics and optical equipment sector, which accounts for around 12% of manufacturing output, increased by 8.4% in January.

Output of food, drink and tobacco products rose by 5.3%. The sector generates around 11% of manufacturing output.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports