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Industrial output up 16.5 percent yr/yr in March

Hungarian industrial output grew by an annual 16.5 percent in March, up from 1.9 percent in February, according to a second reading of data released by the Central Statistical Office (KSH) on Wednesday.

Working day-adjusted output in March rose by 16.2 percent. In a month-on-month comparison, March output edged up 0.4 percent, based on seasonally and working day-adjusted data.

Output of Hungary’s dominant automotive sector increased by an annual 28.1 percent in March after a 6.6 percent fall in February.

Output of the computer, electronics and optical equipment segment rose by 9.6 percent, while food, drinks and tobacco were up 1.1 percent.

For the period January-March, output increased by an annual 4.0 percent.

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