Hungarian industrial output increased by an annual 0.5% in November, slowing from growth of 5.9% in October, the Central Statistical Office (KSH) confirmed on Friday in a detailed reading of data. Output of the automotive industry grew by an annual 23.3%, slowing from a rise of 32.1% in the previous month. Output of the computer, electronics and optical equipment segment dropped by an annual 3.7%. Output of the food, drinks and tobacco segment fell by 2%.
Adjusted for the number of working days, output increased by 0.8%. Output for the January-November period grew by an annual 6%. Month on month, output fell by 0.7% based on seasonally and working day-adjusted data.