Hungary's Automotive Industry Continues to Rebound in June

2022. augusztus 16.

bne IntelliNews

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 2.9% y/y in June, continuing to rebound after a period of contraction, a detailed release of data by the Central Statistics Office (KSH) on August 12.

Automotive industry companies, which have been challenged by the semiconductor shortage and supply chain problems, accounted for 23% of manufacturing sector output in June. The detailed data show output of the computer, electronics and optical equipment segment, accounting for 10% of manufacturing, rose 4.9% y/y. Output of the food, drinks and tobacco segment, which made up 12% of manufacturing sector output, climbed 9.3%.