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INDUSTRY OUTPUT DOWN 1.2% YY IN DEC

 

Industrial output in Hungary dropped by an annual 1.2 % in December, the Central Statistical Office (KSH) said on Wednesday, confirming its first reading of data. Output of the automotive sector fell by an annual 10.4 %, contracting for the first time in just over a year. This was down from annual growth of 4.2 % in November. Output of the computer, electronics and optical equipment sector rose by 1.4 % in December. Adjusted for the number of working days, industrial output overall fell by an annual 3.7 % in December. Month on month, output dropped by 3.8 % adjusted for seasonal and working-day effects.