Hungary’s Automotive sector Output Plunges on chip Shortage

2021. október 14.

bne IntelliNews

The output of Hungarian vehicle manufacturing, the engine of industrial growth, plummeted 33.7% y/y in August as the global semiconductor shortage impacted factories, the statistics office (KSH) said in a second reading in October. KSH confirmed that headline industrial output rose 2.6% and by 0.6% when adjusted for the number of workdays. On a monthly basis, output fell a seasonally- and workday-adjusted 2.7%.