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KSH: INDUSTRIAL OUTPUT DROPS 1.2% IN DEC

 

Output of Hungary’s industrial sector dropped by an annual 1.2% in December last year, dropping for the first time since June, albeit from a high base, the Central Statistical Office (KSH) said. In the base period, industrial output had risen by an annual 6.4%. Working day-adjusted data showed a 3.7% 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%. Industrial output rose by 5.4% for the full year.