Automotive sector output down by 2.5 pc in November

Budapest, January 12 (MTI) – Output of Hungary’s automotive sector, a key driver of industry in the country, fell by 2.5 percent in November from the same month a year earlier, dropping for the third month in a row, the Central Statistical Office (KSH) said in a second reading of November industrial data released on Thursday.

Hungary’s overall industrial output was up by an annual 0.6 percent in November after a 2.1 percent decrease in October, KSH said, confirming its preliminary report.

The workday-adjusted index was the same as the unadjusted one for both months.

In a month-on-month comparison, industrial output grew by 0.9 percent in November, adjusted for seasonal effects and the number of workdays. The increase followed two months of decline.

Photo: MTI

Source: MTI