- 13 Mar 2020 6:45 AM
- Hungary Matters
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.