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Industrial output up 39.1 percent yr/yr in May

Industrial output in Hungary grew by an annual 39.1 percent in May, Central Statistical Office (KSH) KSH confirmed on Wednesday.

Output grew by 40.2 percent, according to working day-adjusted data.

Month on month, output rose by 3.4 percent, based on seasonally and working day-adjusted data.

Output of Hungary’s automotive sector, which accounts for the biggest share of manufacturing in the country, jumped by 81.1 percent year on year in May from a low base.

Output of the computer, electronics and optical equipment segment rose by 23.8 percent in May, while the food, drinks and tobacco segment increased by 14.7 percent.

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