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Coronavirus: Automotive Industry Output Plunges 80 Percent in April Due to Shutdowns

MTI-Hungary Today 2020.06.12.

Output of Hungary’s automotive industry, an engine of industrial growth under normal circumstances, fell 80 percent year-on-year in April because of shutdowns to contain the spread of the novel coronavirus, a detailed reading of data released by the Central Statistical Office (KSH) on Friday shows.

Vehicle manufacturing fell by 94 percent and parts manufacturing by 69 percent. The automotive sector accounted for about 10 percent of Hungary’s industrial output. On average its share is significantly higher, in March it had still accounted for 26 percent.

Automotive Industry in Hungary Restarts Production Gradually, Effects May Still Remain

Output of the computer, electronics and optical equipment, sector, which accounts for about 13 percent of industrial output, declined by 21 percent in April.

featured photo: Győr, Audi plant after the restart of production (Csaba Krizsán/MTI)