KSH: Industrial output slows as automotive sector sputters
Output of Hungary’s industrial sector rose by 3.1 percent year-on-year in April, slowing from 3.6 percent in the previous month, as output of automotive companies continued to contract, the Central Statistical Office (KSH) said in a first reading of data on Wednesday.
Adjusted for the number of workdays, output increased by 4.7 percent.
In a month-on-month comparison, output fell a seasonally- and workday-adjusted 1.6 percent.
While automotive sector output declined, KSH said output of the other two big industrial sector segments – computers, electronics and optical equipment, and food, drink and tobacco products – rose over headline growth.
For the period January-April, industrial output rose by 4.9 percent from the same period a year earlier.
Read also Hungarian government proto-fascist, white nationalist?
Source: MTI
please make a donation here
Hot news
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible