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INDUSTRIAL OUTPUT GROWTH SLOWS TO CRAWL IN NOV

 

The growth rate of Hungarian industrial output in November slowed to an annual 0.5% from 5.9% in the previous month, the Central Statistical Office (KSH) said on Monday. Adjusted for the number of working days, output grew by 0.8%. Growth in car manufacturing was up “significantly”, KSH said. Computer, electronics and optical equipment, as well as food, drinks and tobacco saw a drop in output. In the Jan-Nov period, output grew by an annual 6%, while month on month it fell by 0.7%, based on seasonally and working day-adjusted data.