Automotive Industry Output Climbs 8.0% in April

Output of the automotive industry, Hungary's biggest manufacturing sector, rose 8.0% year-on-year in April, a detailed reading of data released by the Central Statistics Office (KSH) on Friday shows.

The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 13% of manufacturing, surged 23%.

Output of the food, drinks and tobacco products segment, making up 12% of manufacturing, slipped 1.6%. Output of the electrical equipment segment, accounting for 8.3% of manufacturing, inched down 1.5%.

KSH confirmed that headline industrial output edged up 0.9% year-on-year in April.

Output rose at the same pace when adjusted for the number of workdays.

In a month-on-month comparison, output decreased a seasonally- and workday-adjusted 1.1%.

In January-April, industrial output was up 1.0%.