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KSH: Industrial Output on the Rise

admin 2014.08.07.

The industrial output in Hungary has seen a 11.3% rise in June, compared to the similar period last year, published the Central Statistics Office (Központi Statisztikai Hivatal, KSH), reported by news agency MTI. The report published on Wednesday only contains preliminary data, but analyst nevertheless welcome these figures, as June’s is the greatest growth figure of the year so far.

In May industrial output grew by 10.1%, April showed 9.7%, while March had 10.7% growth compared to similar terms of 2013. After seasonal and calendar adjustments, compared to the previous month industrial output grew by 1.8%. This report concludes the first half of 2014, and the first six months of the year, again compared to 2013, show an average growt of 9.4% in industrial output.

Miklós Schindele, Deputy Head of Department at KSH, said at a presentation of the findings that in accordance with previous trends, the main driving force remains the increase of automobile sector, while all other manufacturing sectors showed growth also. The favorable weather conditions of the first six months resulted in a significant growth of agricultural produce output, adding that only November 2010 has better figures in this sector.

A detailed reportt is set to be published by KSH in Statistics Mirror (Statisztikai Tükör) magazine on 13 August. (MTI)

photo: public domain