Hungary’s Industry Shows Strength in November Even as Chip Shortage Still Weighs

2022. január 10.

bne IntelliNews

Hungary's industrial output rose 2.6% y/y in November, up after two straight months of declines, according to preliminary data from the Central Statistics Office (KSH) on January 7. On a monthly basis, output was up by a seasonally- and workday-adjusted 2.9%.

The output of the automotive sector, which has the biggest weight in manufacturing in Hungary, fell considerably as companies scaled back production because of the global chip shortage, KSH said. Detailed figures will be released next week.