Industrial output edges 1.3 percent lower

The detailed data show output of the automotive industry, Hungary’s biggest manufacturing sector, fell 10.0pc year-on-year in July. The segment accounted for 26pc of manufacturing output during the month.

Output of the electrical equipment segment, which made up 10pc of manufacturing output, declined 10.0pc.

Output of the computer, electronics and optical equipment segment, accounting for 9pc of manufacturing, edged down 1.0pc.

Output of the food, drinks and tobacco segment, which made up 13pc of manufacturing sector output, rose 3.2pc.

Adjusted for the number of workdays — of which there were two more than in the base period — output was down 6.4pc.

In a month-on-month comparison, output was unchanged on a seasonally- and workday-adjusted basis.

For the period January-July, industrial output declined 3.0pc year-on-year.