Hungary's Industrial Output Picks Up in June, but Outlook Mixed as Economy Set to Slow Down

2022. augusztus 08.

bne IntelliNews

Hungary’s industrial production grew 4.8% y/y in June (chart), up from a 3.4% increase in the previous month, according to working-day adjusted preliminary data from the Central Statistics Office (KSH) on August 5. On a monthly basis, output rose 0.6%.

Despite the unfavourable circumstances, notably the Russian-Ukrainian war, the shortage of spare parts and rising energy prices, industrial production expanded both on a monthly and annual basis, and the sector's performance was better than expected.