KSH: Industrial output slows as automotive sector sputters

Output of Hungary’s industrial sector rose by 3.1 percent year-on-year in April, slowing from 3.6 percent in the previous month, as output of automotive companies continued to contract, the Central Statistical Office (KSH) said in a first reading of data on Wednesday.

Adjusted for the number of workdays, output increased by 4.7 percent.

Read also: Hungarian government urges transporting grain from Ukraine by land

In a month-on-month comparison, output fell a seasonally- and workday-adjusted 1.6 percent.

While automotive sector output declined, KSH said output of the other two big industrial sector segments – computers, electronics and optical equipment, and food, drink and tobacco products – rose over headline growth.

For the period January-April, industrial output rose by 4.9 percent from the same period a year earlier.