Confirmed good news for Hungarian industrial sector

Output of Hungary’s industrial sector rose by an annual unadjusted 11.3 percent in September, the Central Statistical Office (KSH) said in a second reading of data on Monday.

Adjusted for the number of working days of which there were two fewer in the base period, output increased by 11.6 percent, accelerating from 9.1 percent in the previous month, KSH said.

Output of the automotive industry, Hungary’s biggest manufacturing sector, rose by an annual 31.6 percent, albeit from a low base hit by the semiconductor shortage, KSH said. The automotive segment accounted for 25 percent of manufacturing sector output in September.

The detailed data show output of the computer, electronics and optical equipment segment, accounting for 11 percent of manufacturing, rose by an annual 21.5 percent.

Output of the food, drinks and tobacco segment, which made up 12 percent of manufacturing sector output, edged up by 1.4 percent as domestic sales moderated.

Output in the January-September period rose by an annual 6.7 percent.

Month on month, output went up a seasonally and working day-adjusted 1.6 percent.

As we wrote also today, despite the economic crisis, the performance of the construction sector in Hungary has increased, read details HERE.