The Central Statistical Office (KSH) has revealed that Hungary’s industrial output increased by an annual 5.9 percent in October, which is an indicator for an improving economy.
According to MTI, output increased by 3.3 percent when adjusted for the number of workdays. For the period January-October, output rose by an annual 3.4 percent. In a month-on-month comparison, output rose a seasonally and workday-adjusted 2.0 percent.
KSH official Miklós Paczari noted that the electronics segment showed especially good performance in October. While vehicle manufacturing volume remained below the 5.9 percent average, it rose again after declining for three months.