• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Hungary’s industrial output climbs 5.4pc in DecemberHungary’s industrial output climbs 5.4pc in DecemberHungary’s industrial output climbs 5.4pc in DecemberHungary’s industrial output climbs 5.4pc in December
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Daily News · 07/02/2019
· Business

Hungary’s industrial output climbs 5.4pc in December

economy Hungary industrial
Daily News Hungary economy

Hungary’s industrial output rose 5.4 percent year on year in December, the Central Statistical Office (KSH) said in the first reading of data on Thursday.

Adjusted for the number of workdays in the month, industrial output increased 5.7 percent.

In a month-on-month comparison, output was up a seasonally and workday-adjusted 2.5 percent.

For the full year, industrial output rose by 3.6 percent.

KSH said most branches of the manufacturing sector had contributed to the December growth. Output of the biggest branch, vehicle manufacturing, rose at a faster pace than in the previous month. Output of the computer, electronics and optical equipment branch expanded significantly, while output of the food, drink and tobacco branch rose to a smaller degree, KSH said.

KSH will publish a second reading of the data on February 13.

ING Bank chief analyst Péter Virovácz said the December increase was higher than expected, especially in light of seasonal shutdowns.

Industrial output growth could reach 4 to 5 percent in 2019, though weaker output in Germany and a slowdown of global growth are downside risks, he added.

Takarékbank analyst Gergely Suppán also said the high December growth was a positive surprise and may have lifted Q4 GDP growth to 5 percent. The introduction of new car models and added manufacturing sector capacities, along with robust domestic demand, could raise industrial output growth to 4.8 percent this year, he added.

Button

Source: MTI

economy Hungary industrial
Share
Daily News
Daily News

Related posts

Wizz Air plane
27/05/2022

Hungarian Government is making Wizz Air pay extra taxes!


Read more
fifth_orbán_government_hungary
27/05/2022

Here are the details about the newly introduced windfall taxes!


Read more
Central heating pump Hungary gas
26/05/2022

New goal: raise Hungary’s gas production


Read more

Leave a Reply

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

SUPPORT US
Latest news
  • Fidesz to tax all parliamentary groups?
  • Father murdered his teen daughters in Aszód – PHOTO, VIDEO
  • New migration wave to come from Africa due to grain shortage?
  • Prince Charles is in this Hungarian village in Transylvania – PHOTOS

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

© 2022 DailyNewsHungary. All rights reserved!
Posting....