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KSH: Industrial output up 4.5 percent y/y in February

Output of Hungary's industrial sector rose by an annual 4.5 percent in February, around half the pace in January, the Central Statistical Office (KSH) said in a detailed reading of data on Wednesday.

The automotive segment, which accounted for 25 percent of the manufacturing sector in February, slipped by an annual 0.8 percent as production shutdowns and scale-backs because of the global semiconductor shortage recently hit the sector.

The output of the computer, electronics and optical equipment segment, accounting for 11 percent of manufacturing, increased by an annual 2.0 percent in February.

Output of the food, drinks and tobacco segment, which made up another 11 percent of manufacturing sector output, climbed 10.0 percent.

Adjusted for the number of workdays, headline output rose by 4.5 percent.

Month on month, output rose a seasonally- and workday-adjusted 1.6 percent.

For the period January-February, unadjusted output climbed by an annual 6.6 percent.

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