Daily News Hungary economy

Budapest, September 14 (MTI) – Hungary’s industrial output climbed by an annual 3.4 percent in July, the Central Statistical Office (KSH) confirmed in a second reading of data on Monday.

The workday-adjusted index is the same as the unadjusted one.

The automotive sector continued to drive growth in Hungary’s industrial sector with output rising 15.3 percent in July from the same month a year earlier, the data show.

Food industry output increased by 1.7 percent while output of the computer, electronics and optical equipment sector fell for the first time this year, dropping by 2.1 percent. Output of the rubber industry climbed by 13.9 percent while machine industry output declined by 19.7 percent. Output of the pharmaceutical industry increased by 6.5 percent.

Domestic sales of the industrial sector rose by an annual 1.5 percent in June. Export sales increased by 4.6 percent.

Manufacturing sector order stock rose by 11.1 percent. New orders were up by 2.1 percent as new domestic orders jumped by 11.1 percent and new export orders edged up by 0.8 percent.

In January-July, output was up by an annual 6.7 percent.

In a month-on-month comparison, output edged down by a seasonally and workday adjusted 0.7 percent.

Source: http://mtva.hu/hu/hungary-matters

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