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Coronavirus: Industrial Output Drops by 5.6 % in March

MTI-Hungary Today 2020.05.07.

Output of Hungary’s industrial sector fell by an annual 5.6 percent in March as many factories shut down to contain the spread of the coronavirus, data released by the Central Statistical Office (KSH) on Thursday show.

KSH said the decline in the automotive sector was “significant”, while output of the computer, electronics and optical equipment segment “rose a little” and the pace of growth in the food, drink and tobacco segment accelerated.

Adjusted for the number of work days, output fell by 10.0 percent.

In a month-on-month comparison, output dropped by 10.4 percent, adjusted for work days and seasonal effects.

In January-March, industrial output edged up 0.1 percent year-on-year.

Featured photo illustration by Csaba Krizsán/MTI