May industrial output down 5.2 percent
Hungarian industrial output in May dropped by an annual 5.2 percent based on unadjusted data, and by 4.9 percent according to working-day adjusted data, the Central Statistical Office (KSH) confirmed in its second estimate on Friday.
Most manufacturing sub-sectors saw a decline, with the largest fall in electrical equipment. Output of the automotive industry, fell by 14.5 percent year on year.
Seasonally and working day-adjusted data showed May industrial output down 1.1 percent compared with the previous month.
