Hungary Industrial Output Growth Accelerates To 8.7%
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9 Articles
Hungary Industrial Output Growth Accelerates To 8.7%
Hungary's industrial production growth rebounded sharply in August. The volume of industrial production advanced an unadjusted 8.7 percent yearly in August, faster than the 4.7 percent increase a month ago. The growth in industrial production volume was primarily driven by the manufacture of transport equipment and the manufacture of computers, electronic, and optical products.
Hungarian industry has seen growth not seen in years, with industrial production growing by 8.7 percent in August. The Tisza government immediately presented the favorable data as its own success, but the reality is more nuanced.
Compared to last year, there is an improving trend, but the 2021 level has not yet been reached. The post Surprising turn in Hungarian industry: growth has been going on for three months first appeared on 24.hu.
Hungarian industrial production picked up spectacularly in August. Emissions were 8.7 percent higher than a year earlier and up 1.0 percent from July. However, the background is not a general industrial recovery, the growth was mainly driven by the production of vehicles and the manufacture of computer, electronic and optical products.
It is only thanks to these two manufacturing sub-sectors that overall production has strengthened, because most of the sub-sectors have weakened in the meantime.
Industrial production in Hungary increased by 8.7 percent in August compared to the same period of the previous year and by 1.0 percent compared to the previous month, the Central Statistical Office (KSH) announced in its first estimate.
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