Hungary’s industrial production increased by 13.8pc in January-April compared to the same months in 2020, according to the country’s Central Statistical Office (KSH).
The country’s industrial output rose by 58.8pc in April compared to the same month last year but was down by 3.2pc on a monthly basis.
KSH reported that the largest increase in industrial production was through manufacturing of transport equipment with a 27pc increase in April on an annual basis. Production of basic metals and fabricated metal products increased by 30pc in April from the same period last year.
The country’s industrial export increased by 84pc in April on an annual basis with transport equipment exports accounting for 33pc of the total cargoes, KSH stated. Industrial domestic sales rose by 24.5pc and manufacturing sales climbed by 27pc in April compared to the same month last year.
Total new order volumes rose by 94pc in April on an annual basis. Under this, domestic new orders rose by 46pc and export orders increased by 10.4pc in the period under review.
KSH also reported that Hungary’s construction output in the first four months of the year dropped by 3.5pc from the same months in 2020. It fell by 7.2pc in April from the same month last year and was down by 7.3pc from March.
In April, building construction declined by 0.8pc and civil engineering by 14.5pc on an annual basis. Building completions dropped by 6.2pc and civil engineering construction completions fell by 26.1pc in this period. However, specialized construction activities rose by 7.8pc in April from the same month last year.
New construction contracts in April dropped by 15.3pc on an annual basis under which, new contracts for building construction fell by 21pc and civil engineering work declined by 9.9pc.