BBJ Wednesday, August 14, 2019, 09:00 Year-on-year output of Hungaryʼs automotive sector, a key engine of industrial growth in Hungary, slowed to 1.5% in June from 17.6% in the previous month, a second reading of industrial production data released by the Central Statistical Office (KSH) on Tuesday shows. Overall industrial output fell 1.4% year-on-year in June, while working day-adjusted output was up 4.1%, the KSH reported, confirming the figures released in a first reading on August 7, and stressing again that the difference between the two figures is due to the two fewer working days this June than in the base period. In the first four months of the year, growth in automotive sector output – which accounts for nearly 30% of Hungaryʼs overall manufacturing output -ranged between 5.7% and 12.9%. Output of the computer, electronics and optical equipment sector, which accounts for around 12% of manufacturing output, fell 3.0% in June, after growing 6.4% in the previous month. Output of food, drink and tobacco products edged up 0.9%, primarily due to a growth in domestic sales; at the same time, export sales dropped. The sector generates close to 11% of manufacturing output. In a month-on-month comparison, output in June… Read full this story
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