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Industrial output up 3.1 percent in April

Hungarian industrial output grew by an annual 3.1 percent in April, slowing from 3.6 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday in a second reading of data.

Month on month, output fell by 1.6 percent, based on seasonally and working day-adjusted data.

In January-April, industrial output increased by 4.9 percent from the same period a year earlier.

Output of automotive companies, accounting for 21 percent of manufacturing sector output in April, dropped by an annual 7.1 percent, KSH said.

The detailed data show output of the computer, electronics and optical equipment segment, accounting for 10 percent of manufacturing, increased by an annual 4.9 percent.

Output of the food, drinks and tobacco segment, which made up 12 percent of manufacturing sector output, rose by 11.9 percent.

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