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Industrial output growth slows to crawl in November

The growth rate of Hungarian industrial output in November slowed to an annual 0.5 percent from 5.9 percent in the previous month, the Central Statistical Office (KSH) said on Monday.

Adjusted for the number of working days, output grew by 0.8 percent.

Growth in car manufacturing was up “significantly”, KSH said. Computer, electronics and optical equipment, as well as food, drinks and tobacco saw a drop in output.

In the Jan-Nov period, output grew by an annual 6 percent, while month on month it fell by 0.7 percent, based on seasonally and working day-adjusted data.

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