New data revealed about Hungary’s economy

Hungarian industrial output increased by an annual 0.5 percent in November, slowing from growth of 5.9 percent in October, the Central Statistical Office (KSH) confirmed on Friday in a detailed reading of data.

Output of the automotive industry grew by an annual 23.3 percent, slowing from a rise of 32.1 percent in the previous month. Output of the computer, electronics and optical equipment segment dropped by an annual 3.7 percent. Output of the food, drinks and tobacco segment fell by 2 percent.

Adjusted for the number of working days, output increased by 0.8 percent. Output for the January-November period grew by an annual 6 percent. Month on month, output fell by 0.7 percent based on seasonally and working day-adjusted data.