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Hungary industrial output climbs 11.1 pc, trade surplus reaches EUR 601 m in August
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Budapest, October 7 (MTI) – Hungary’s industrial output rose by an annual 11.1 percent in August, the Central Statistical Office (KSH) said in a preliminary release on Friday. Hungary’s trade surplus came to 601 million euros in August, a first reading of data released by KSH shows.
In five out of the eight months of the year so far industrial output increased, in three months it declined. The jump in August was preceded by two months of falling output in July and June.
Adjusted for the number of working days — there were three more in the base period — output rose by 3.5 percent in August, KSH noted.
In January-August, output grew by an annual 2.3 percent.
Istvan Lepsenyi, state secretary at the economy ministry, told public television M1 that it was clear, based on the latest industrial output data, that the economy was picking up and it would continue to do so in the remaining months of the year.
He called the adjusted 3.5 percent August reading and data for the first eight months a “nice development”, adding that positive trends in western Europe suggested a positive forecast with vehicle sales again growing.