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HUNGARY INDUSTRIAL OUTPUT DOWN 1.4% IN JUNE

 

Industrial output in Hungary dropped by an annual 1.4% in June, according to unadjusted data, the Central Statistical Office (KSH) said in a second reading of data. The sector’s output was, however, up by 4.1%, 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%, according to both unadjusted and working day-adjusted data, KSH said. Export volume of the industrial sector increased by an annual 0.2% as exports of the automotive sector rose by 3.1% and exports of the computer, electronics and optical equipment sector dropped by 2.5%. Domestic sales of the industrial sector were up by 2.6%. In the first six months of the year, industrial output was up by 5.4% from a year earlier.