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Hungary Industrial Output Down 1.4 pc in June

MTI-Hungary Today 2019.08.13.

Industrial output in Hungary dropped by an annual 1.4 percent in June, according to unadjusted data, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.

The sector’s output was however up by 4.1 percent, according to working day-adjusted data, KSH said, noting that there were two fewer workdays than in the base period.

In a month-on-month comparison, industrial output was down by 1.8 percent, according to both unadjusted and working day-adjusted data, KSH said.

Export volume of the industrial sector increased by an annual 0.2 percent as exports of the automotive sector rose by 3.1 percent and exports of the computer, electronics and optical equipment sector dropped by 2.5 percent.

Domestic sales of the industrial sector were up by 2.6 percent.

In the first six months of the year, industrial output was up by 5.4 percent from a year earlier.