Hungary’s industrial output grew by 14.4 percent year/year in August

The output of Hungary’s industrial sector rose by an annual unadjusted 14.4 percent in August, the Central Statistical Office (KSH) said in a second reading of data on Thursday.

Adjusted for the number of working days of which there were two fewer in the base period, output increased by 9.3 percent, accelerating from 6.6 percent in the previous month, KSH said.

Output of the automotive industry, Hungary’s biggest manufacturing sector, rose by an annual 58.0 percent, albeit from a low base hit by shutdowns, KSH said. The automotive segment accounted for 21 percent of manufacturing sector output in August.

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The detailed data show output of the computer, electronics and optical equipment segment, accounting for 11 percent of manufacturing, rose by an annual 25.6 percent.

Output of the food, drinks and tobacco segment, which made up 14 percent of manufacturing sector output, climbed by 13.7 percent. Output in the January-August period rose by an annual 6.1 percent. Month on month, output edged up a seasonally and working day-adjusted 0.1 percent.

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Source: MTI