Hungary Industrial Output Growth Accelerates To 8.7%
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11 Articles
Hungary’s Industrial Output Surges On High-Value Manufacturing
Hungary’s industrial production jumped in August by more than double the amount forecast by analysts, helped by strong growth in the high-value automotive and electronics manufacturing sectors, the statistics office said.
Hungary Industrial Output Growth Accelerates To 8.7%
Hungary's industrial production growth rebounded sharply in August. The volume of industrial production advanced an unadjusted 8.7 percent yearly in August, faster than the 4.7 percent increase a month ago. The growth in industrial production volume was primarily driven by the manufacture of transport equipment and the manufacture of computers, electronic, and optical products.
István Kapitány reported on the strengthening of Hungarian industry on his Facebook page, after industrial production grew by 8.7 percent year-on-year in August. However, under the minister's post, many commenters drew attention to the weak base last year, the series of factory closures and the lack of job-creating investments, while others simply asked what specific government measures the data could be attributed to. Some of the commenters als…
Hungarian industry has seen growth not seen in years, with industrial production growing by 8.7 percent in August. The Tisza government immediately presented the favorable data as its own success, but the reality is more nuanced.
Compared to last year, there is an improving trend, but the 2021 level has not yet been reached. The post Surprising turn in Hungarian industry: growth has been going on for three months first appeared on 24.hu.
Hungarian industrial production picked up spectacularly in August. Emissions were 8.7 percent higher than a year earlier and up 1.0 percent from July. However, the background is not a general industrial recovery, the growth was mainly driven by the production of vehicles and the manufacture of computer, electronic and optical products.
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