Industrial Production Up by 1.5% in Hungary, 3.2% in EU

In June 2022, the volume of industrial production grew in Hungary by 1.5% year-on-year, the country’s Central Statistical Office reports. In the same month, also compared with a year earlier, industrial production grew by 2.4% in the euro zone and by 3.2% in the EU, according to data by Eurostat.

In Hungary, decreases were recorded in the majority of the manufacturing subsections, while the volume of production grew at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial output was 0.6% higher than in May 2022.

Central Statistical Office figures published this Friday show that in June 2022 in Hungary,
– the volume of industrial production rose by 1.5% compared to the same period of the previous year. (Compared to the June data published in the first estimate, the data in the second estimate did not change.)

– the volume of industrial export was 2.7% higher than a year earlier. Transport equipment export, representing a 29% weight within export sales in manufacturing grew by 0.2%, the export in manufacture of computer, electronic and optical products accounting for a 14% weight, increased by 11.7%.

– industrial domestic sales rose by 7.1%, domestic sales in manufacturing were 1.7% higher compared to the same month of the previous year.

– within industry, manufacturing output, which accounts for a decisive share in industry (96%), grew by 0.8%, energy industry (electricity, gas, steam and air conditioning supply) increased by 2.9%, mining and quarrying having a small weight, rose by 6.1% compared to June 2021.