Industrial Output Rises 5% in 2019 Despite Drop in December

Output of Hungary’s industrial sector dropped by an annual 1.2 percent in December last year, dropping for the first time since June, albeit from a high base, data released by the Central Statistical Office (KSH) on Thursday show.

In the base period, industrial output had risen by an annual 6.4 percent.

Working day-adjusted data showed a 3.7 percent annual increase for the same month.

KSH said output of automotive manufacturing, which has the biggest weight in the industrial sector, “fell significantly”, while output growth of computer, electronics and optical equipment manufacturing, another big segment, slowed. Output of the food, drink and tobacco products segment “continued to increase”, KSH added.

Month-on-month, output dropped by 3.8 percent.

Industrial output rose by 5.4 percent for the full year.

 

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Source: https://hungarytoday.hu/


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