Hungary’s industrial production has fallen, but we are better at something

Industrial output in February eased by an annual 4.6 percent, but Output of Hungary’s construction sector fell by an annual 11.8 percent the Central Statistical Office (KSH) said on Thursday, quoting detailed data.

In a month-on-month comparison, output inched up a seasonally and workday-adjusted 0.3 percent.

Output of the automotive industry, Hungary’s biggest manufacturing sector, rose by 7.5 percent.

Export sales edged 2.0 percent lower, and domestic sales dropped 12.2 percent.

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Output of the buildings segment dropped by 8.8 percent and civil engineering output fell by 17.7 percent.

In a month-on-month comparison, construction sector output rose by 1.9 percent, adjusted for seasonal and workday effects.

Source: MTI