• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
[gtranslate]
[gtranslate]
Good news came from the Hungarian economy – UPDATEDGood news came from the Hungarian economy – UPDATEDGood news came from the Hungarian economy – UPDATEDGood news came from the Hungarian economy – UPDATED
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • PHOTOS: King Charles III arrived to his favourite Hungarian village!

  • Strike: Wizz Air warns of serious disruptions this weekend

  • Scandal at Budapest Airport: Not everyone got a seat on Wizz Air flight

Support us
DNH 2021 DNH 2021 · 13/04/2022
· Business

Good news came from the Hungarian economy – UPDATED

Industry

Photo: FB

Output of Hungary’s industrial sector rose by an annual 4.5 percent in February, around half the pace in January, the Central Statistical Office (KSH) said in a detailed reading of data on Wednesday. Output of Hungary’s construction sector rose by an annual 42.3 percent in February, the highest pace in almost three years, the Central Statistical Office (KSH) said on Wednesday.

The automotive segment, which accounted for 25 percent of the manufacturing sector in February, slipped by an annual 0.8 percent as production shutdowns and scale-backs because of the global semiconductor shortage recently hit the sector. The output of the computer, electronics and optical equipment segment, accounting for 11 percent of manufacturing, increased by an annual 2.0 percent in February.

Output of the food, drinks and tobacco segment, which made up another 11 percent of manufacturing sector output, climbed 10.0 percent. Adjusted for the number of workdays, headline output rose by 4.5 percent.

  • Read also: Budapest taxi prices to increase significantly from May!

UPDATE (14.57 GMT)


Output of Hungary’s construction sector rose by an annual 42.3 percent in February, the highest pace in almost three years, the Central Statistical Office (KSH) said on Wednesday. Output of the building segment climbed 56.2 percent, while civil engineering output was up by 20.0 percent.

In absolute terms, construction sector output was 397.9 billion forints (EUR 1.1bn) in February.

In a month-on-month comparison, construction sector output was up 13.3 percent, adjusted for seasonal and workday effects. Order stock in the construction sector was 19.2 percent higher at the end of February than twelve months earlier. Buildings segment orders were up by 15.6 percent and civil engineering orders rose by 21.7 percent. New orders jumped by 92.7 percent during the period, as new orders in the buildings segment climbed 65.3 percent and new civil engineering orders were up by 128.2 percent.

Takarékbank chief analyst András Horváth said state subsidies for home purchases and renovation may be a driver behind the strong demand at present. He added that general contractors’ projections early in the year for annual price increases of around 10 percent have been bumped up as high as 25 percent or more.

forint euro bills
Read alsoHungarian forint continues to weaken – will it fall victim to the war and crisis?

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
construction Hungarian economy Hungary industrial
Share

Hot news

  • PHOTOS: King Charles III arrived to his favourite Hungarian village!

  • Orbán agrees on long-term strategic cooperation with German telecommunications giant

  • Orbán: European politics are full of ‘blah-blah’

  • Brand new giga investment announced in Budapest

  • What happened today in Hungary? — 2 June, 2023

  • Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won

Related posts

telekom logo
03/06/2023

Orbán agrees on long-term strategic cooperation with German telecommunications giant


Read more
dmg mori
02/06/2023

Brand new giga investment announced in Budapest


Read more
wizz air
02/06/2023

Strike: Wizz Air warns of serious disruptions this weekend


Read more
wizz air
02/06/2023

Wizz Air to begin operation at brand new airport this year


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
PHOTOS: King Charles III arrived to his favourite Hungarian village!

PHOTOS: King Charles III arrived to his favourite Hungarian village!

Read More
Orbán agrees on long-term strategic cooperation with German telecommunications giant

Orbán agrees on long-term strategic cooperation with German telecommunications giant

Read More
Orbán: European politics are full of ‘blah-blah’

Orbán: European politics are full of ‘blah-blah’

Read More
Brand new giga investment announced in Budapest

Brand new giga investment announced in Budapest

Read More
What happened today in Hungary? — 2 June, 2023

What happened today in Hungary? — 2 June, 2023

Read More
Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won

Orbán: Erdogan opponent a ‘Soros man’, would have been a tragedy if he had won

Read More
Strike: Wizz Air warns of serious disruptions this weekend

Strike: Wizz Air warns of serious disruptions this weekend

Read More
UEFA opens investigation against Mourinho for his misbehaviour in Budapest

UEFA opens investigation against Mourinho for his misbehaviour in Budapest

Read More
Wizz Air to begin operation at brand new airport this year

Wizz Air to begin operation at brand new airport this year

Read More
Opposition: Hungarian President should not pardon terrorists

Opposition: Hungarian President should not pardon terrorists

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?