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Hungary Industrial Output Up 16.5 yr/yr in March

MTI-Hungary Today 2021.05.12.

Hungarian industrial output grew by an annual 16.5 percent in March, up from 1.9 percent in February, according to a second reading of data released by the Central Statistical Office (KSH) on Wednesday.

Working day-adjusted output in March rose by 16.2 percent. In a month-on-month comparison, March output edged up 0.4 percent, based on seasonally and working day-adjusted data.

Steep Tobacco Price Increase Too Much for Hungarians' Pockets
Steep Tobacco Price Increase Too Much for Hungarians' Pockets

Hungary once again raised the excise tax on tobacco, taking the price of a pack of cigarettes to historic heights. According to a survey, this could eventually drive many to give up cigarettes. After failing to comply with the EU regulations on the tobacco excise tax for years, it was eventually the Court of Justice […]Continue reading

Output of Hungary’s dominant automotive sector increased by an annual 28.1 percent in March after a 6.6 percent fall in February.

Output of the computer, electronics and optical equipment segment rose by 9.6 percent, while food, drinks and tobacco were up 1.1 percent.

For the period January-March, output increased by an annual 4.0 percent.

Featured photo illustration by Zoltán Máthé/MTI