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INDUSTRIAL OUTPUT UP 5.9% YY IN FEB

 

Industrial output in Hungary increased by an annual 5.9% in February, according to both unadjusted and adjusted data, the Central Statistical Office (KSH) said in a second reading of the data. In a month-on-month comparison, industrial output was up 1%, based on seasonally and working day-adjusted data. Vehicle manufacturing output in Hungary rose by an annual 10% in February, beating the overall increase in industrial output. The automotive segment accounts for 31% of manufacturing sector output in Hungary. Manufacturing itself accounted for 95% of industrial output. Output of the computer, electronics and optical equipment segment, which makes up 11% of manufacturing, rose by 11.4%. Output of the food, drink and tobacco products segment, which makes up 10% of manufacturing, grew by 5.4%.