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INDUSTRIAL OUTPUT DOWN 8.2% IN JUNE

 

Output of Hungary’s industrial sector fell by an annual 8.2% in June, the Central Statistical Office (KSH) said in a second reading of the data. Adjusted for the number of working days, output was down by 3.7%. There were two fewer work days in June 2024 than in the same month a year before. Month on month, output grew by a seasonally and working day-adjusted 0.5%. Output fell in most manufacturing sector branches, KSH said. Industrial exports contracted by 8.1% year on year. Domestic output fell by an annual 5.1%. The manufacturing industry, which gives 96% of the sector’s output, fell by an annual 9.2%, while the output of the mining and energy sectors grew by an annual 7.4% 9.5%, respectively, KSH said.