Hungary industrial growth slows to 1% in June

Automotive

Hungary's year-on-year industrial output climbed a workday-adjusted 1% in June, slowing from a 2.3% rise in May, the Central Statistics Office (KSH) said in a second reading on Friday. The figure is the same as that published in the preliminary reading on August 5.

Unadjusted output fell 1.4% in June, compared to a 7.3% increase in May.

Seasonally and workday-adjusted month-on-month output edged down 0.6% in June after falling 0.7% in May.

Exports edged down 0.6% year-on-year in June, following an 11.2% rise in May. Domestic sales declined 6.4% after falling 0.9% in the previous month.

Industrial output was up 8.1% in January-June from the same period a year earlier. Export sales rose 11.2% in the period and domestic sales were down 4.4%.

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