Hungary industrial output down 4.7 pc in July, farm gate prices rise

Budapest, September 14 (MTI) – Hungarian industrial output fell by an annual 4.7 percent in July, the Central Statistical Office (KSH) confirmed in a second reading of data released on Wednesday. Farm gate prices in Hungary rose by an annual 1.2 percent in July.

Industrial output down 4.7 pc in July

The drop accelerated from a 0.3 percent decrease in June.

Output of Hungary’s automotive sector, a key driver of industry in the country, fell by an annual 8.5 percent.

Adjusted for the number of workdays — of which there were two more in the base period — output edged down by just 0.1 percent, KSH noted.

In January-July, output rose by an annual 1.3 percent.

In a month-on-month comparison, output fell by a seasonally and workday-adjusted 0.4 percent.

Hungary farm gate prices rise 1.2 pc in July

Crop prices rose by 1.2 percent and the price of live animals and animal products climbed by 1.1 percent.

Grain prices increased by 2.9 percent as the price of wheat fell by 18 percent but maize prices rose by 19 percent.

Fruit prices dropped by 7.8 percent and vegetable prices rose by 2.0 percent.

Source: MTI