Output of Hungary’s industrial sector dropped by an annual 2.6% in July, the Central Statistical Office (KSH) said in a first reading of data. July output fell by 2.5% when adjusted for the number of working days. Month on month, output rose by a seasonally and workday-adjusted 2.8%. Most branches of manufacturing contributed to the headline decline, KSH said. Among the biggest branches, electrical equipment and automotive production increased, while production of computers, electronics and optical equipment as well as of food, drinks and tobacco declined, it added. In January-July, output dropped by an annual 4.5%.