Hungary: Industrial output growth moderates in June
August 12, 2022
According to a second estimate by the Statistical Institute, industrial output expanded 1.5% year on year in June (May: +3.4% yoy). June's reading was largely due to weaker manufacturing output. In addition, electricity, gas, steam and air conditioning output contracted.
On a monthly basis, industrial output grew 0.6% in seasonally-adjusted terms in June, following May’s 1.4% increase. Meanwhile, annual average industrial production growth fell to 3.9% in June (May: +4.6%). This signals a worsening trend in the industrial sector.