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Coronavirus: Hungary Industrial Output Down 5.6 % in March

MTI-Hungary Today 2020.05.13.

Output of Hungary’s industrial sector declined by an annual 5.6 percent in March, the Central Statistical Office (KSH) said on Wednesday.

Working day-adjusted data showed a 10.0 percent annual drop for the same month.

The output of the automotive sector, normally an engine of industrial growth, dropped by 19.8 percent year-on-year as factories shut down to contain the spread of the novel coronavirus.

Vehicle manufacturing fell by 19.8 percent, while food, beverages, and tobacco production was up by 12.7 percent.

Featured photo illustration by Sándor Ujvári/MTI