Hungary Oct industrial output down 3.2 pc, automotive and electrical output up

Hungarian industrial output in October fell by an annual 3.2 percent, while working day adjusted data show a decline of 2.8 percent, the Central Statistical Office (KSH) confirmed in a second reading on Wednesday.

While most manufacturing posted a decline, heavy vehicles and electrical equipment showed an increase, KSH added. Output of the automotive industry grew by an annual 4.9 percent in October, up from a 1.2 percent increase in the previous month, while the electrical equipment segment rose by 9.0 percent.

Output of the food, drinks and tobacco segment fell by 2.8 percent.

Based on seasonally and working day-adjusted data, industrial output was 0.6 percent lower than in September.

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Source: MTI