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Automotive sector output down by 2.5 pc in NovemberAutomotive sector output down by 2.5 pc in NovemberAutomotive sector output down by 2.5 pc in NovemberAutomotive sector output down by 2.5 pc in November
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Daily News Daily News · 12/01/2017
· Business

Automotive sector output down by 2.5 pc in November

car economy industrial

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

car economy industrial
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