Hungary's industrial output grows 11.3% y/y in June 2014, in line with flash estimate

By bne IntelliNews August 14, 2014

Hungary's industrial output increased by 11.3% y/y in June 2014, easing from the 10.1% growth in the previous month, the statistics office said on August 13 confirming the preliminary figures published a week earlier. The growth was driven by expanding transport equipment and food sectors.

In workday-adjusted terms, production also grew by 11.3% y/y in June but adjusted for seasonal effects it went down by 1.8% m/m.

The manufacturing sector expanded by an annual 12.9% in June, supported mainly by a 23.5% rise in vehicle production, a 1.4% hike in computer and electronics production and a 14.6% rise in food production. By contrast, the mining and quarrying sector posted a 4.1% y/y fall in production in June and the energy sector registered an 8.1% y/y drop.

Industrial export sales jumped by 15.1% y/y in June, mainly supported by a 24.4% y/y growth in transport equipment exports, which represented more than a third of the manufacturing sales abroad. In addition, the computer, electronic and optical products sector, which accounted for a seventh of the manufacturing exports, grew by 1.2% y/y.

Industrial domestic sales were 8.4% higher on the year in June, pushed up by a 11% y/y rise in manufacturing sales.

New manufacturing orders grew by 17.7% y/y in June, reflecting an 18.6% y/y rise in the volume of new export orders and an 11.7% y/y increase in domestic orders. The total stock of orders was up 20.4% y/y at end-June.

In aggregate terms, the industrial output increased by 9.4% y/y in the first half of 2014.

Hungary's industrial output increased by 1.4% y/y 2013, recovering from a 1.8% y/y drop in 2012. The improvement was exclusively due to a 4.9% y/y rise in export sales, which more than offset the 1.8% y/y drop in sales on the domestic market.

Related Articles

Waberer’s finally set to deliver an IPO on Hungarian bourse

Hungarian trucking company Waberer’s International is preparing for an IPO on the Budapest Stock Exchange in July, according to media claims. If accurate, the reports will be hugely welcome in ... more

Hungarian PM's "proxy" moves into the nuclear industry as Paks tenders approach

Firms controlled by Hungarian oligarch Lorinc Meszaros have purchased a 51% stake in the Hungarian subsidiary of Czech nuclear ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss