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Industrial output down 2.6 percent in July

Output of Hungary's industrial sector dropped by an annual 2.6 percent in July, the Central Statistical Office (KSH) said in a first reading of data on Thursday.

July output fell by 2.5 percent when adjusted for the number of workdays.

Month on month, output rose by a seasonally and workday-adjusted 2.8 percent.

Most branches of manufacturing contributed to the headline decline, KSH said.

Among the biggest branches, electrical equipment and automotive production increased, while production of computers, electronics and optical equipment as well as of food, drinks and tobacco declined, it added.

For the period January-July, output dropped by an annual 4.5 percent.

KSH will release detailed data on output of all industrial sector branches on September 13.


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