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Hungary Industrial Output Up 39.1 pc yr/yr in May

MTI-Hungary Today 2021.07.14.

Industrial output in Hungary grew by an annual 39.1 percent in May, Central Statistical Office (KSH) KSH confirmed on Wednesday.

Output grew by 40.2 percent, according to working day-adjusted data.

Month on month, output rose by 3.4 percent, based on seasonally and working day-adjusted data.

Output of Hungary’s automotive sector, which accounts for the biggest share of manufacturing in the country, jumped by 81.1 percent year on year in May from a low base.

Output of the computer, electronics and optical equipment segment rose by 23.8 percent in May, while the food, drinks and tobacco segment increased by 14.7 percent.

Featured photo by Tamás Vasvári/MTI