Automotive Industry Output Surges 21% in June

Output of the automotive industry, Hungary's biggest manufacturing sector, climbed 21% year-on-year in June, a detailed reading of data released by the Central Statisticaql Office (KSH) on Thursday 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 15% of manufacturing, jumped 50%, boosted by production of peripherals. Output of the food, drinks and tobacco products segment, making up 12% of manufacturing, slipped 1.5%. Output of the electrical equipment segment, accounting for 8.3% of manufacturing, edged up 1.8%.

KSH confirmed that headline industrial output rose 10.1% year-on-year in June. Output rose 4.1% when adjusted for the number of workdays, of which there were two more than in the base period.

In a month-on-month comparison, output edged down a seasonally- and workday-adjusted 1.4%. In January-June, industrial output rose 2.4%.