Hungary industrial output in April up 58.8 pc yr/yr

Hungary’s unadjusted industrial output grew by an annual 58.8 percent in April from a low base, according to a second reading of Central Statistics Office (KSH) data released on Tuesday.

Adjusted for workday effects, output was up by 59.2 percent.

KSH said output of the automotive segment was up by 342.5 percent in April, while growth in computer, electronics and optical equipment as well as food, drink and tobacco production was below average.

Month on month, output shrank by 3.2 percent based on seasonally and working day-adjusted data.

Industrial sales increased by 57.6 percent year-on-year as domestic sales climbed 24.5 percent and export sales jumped 83.7 percent.

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Source: MTI