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Industrial output in June falls 3.8 percent

Industrial output in Hungary fell by an annual 3.8 percent in June after dropping 6.7 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.

Output dropped by 6.1 percent, adjusted for the number of working days.

Output of the automotive industry, Hungary’s biggest manufacturing sector, rose by 19.1 percent year on year, picking up from 10.8 percent growth in the previous month, the detailed KSH data shows.

The electrical equipment segment grew by 16.9 percent, while output of the food, drinks and tobacco segment slipped by 11.1 percent.

Month on month, output fell by 0.9 percent, according to seasonally and working day-adjusted data.

In the January-June period, output dropped by an annual 4.8 percent.

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