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Industrial Output Drops by 7.8% in June

MTI-Hungary Today 2020.08.12.

Output of Hungary’s industrial sector fell by an annual 7.8 percent in June, data released by the Central Statistical Office (KSH) in a second reading on Thursday show.

Adjusted for workday effects, industrial output dropped by 12.2 percent in June.

In a month-on-month comparison, industrial output rose by a seasonally- and workday-adjusted 17.1 percent in that month, KSH said.

The automotive sector accounted for more than 28 percent of manufacturing sector output in June.

Output of the computer, electronics and optical equipment segment, which made up 13 percent of manufacturing sector output, rose by 4.5 percent, after declining for two consecutive months.

Output of food, drink and tobacco companies, which accounted for 12 percent of manufacturing, increased by 1.7 percent, also after falling for two months in a row.

Food, Tobacco Prices Lift Hungary Consumer Price Index by 3.8 Percent in July
Food, Tobacco Prices Lift Hungary Consumer Price Index by 3.8 Percent in July

Higher food and tobacco prices lifted Hungary’s consumer price index by 3.8 percent year-on-year in July from 2.9 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday. Headline inflation, which was well over the National Bank of Hungary’s 3.0 percent mid-term “price stability” target, rose on a 7.8 percent increase in […]Continue reading

For the period January-June, industrial output dropped 12.8 percent year-on-year, KSH said.