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Industrial output up 2 percent in December

Hungarian industrial output increased by an annual 2.0 percent in December, up from 0.6 percent in November, the Central Statistical Office (KSH) confirmed on Monday in a detailed reading of data.

Output of the automotive industry grew by an annual 34.5 percent, albeit from a low base, and up from 23.7 percent in the previous month.

Output of the computer, electronics and optical equipment segment dropped by an annual 8.1 percent.

Output of the food, drinks and tobacco segment fell by 4.8 percent.

Adjusted for the number of working days, of which there were two fewer in December than in the base period, output increased by 5.7 percent.

For the full year, industrial output climbed by 5.8 percent.

Month on month, output fell by 3.8 percent based on seasonally and working day-adjusted data.

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