Automotive Industry Output up 4.9% y.o.y.

Automotive

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 4.9% year-on-year in October, accelerating from a 1.2% increase in the previous month, according to a detailed release of data by the Central Statistical Office (KSH) this week.

The segment accounted for 27% of manufacturing output during the month. The detailed data shows the production of the electrical equipment segment, which made up 12% of manufacturing output, rose 9%.

The output of the computer, electronics and optical equipment segment, accounting for 9% of manufacturing, fell 17.8%.

Production of the food, drinks and tobacco segment, which comprised 13% of manufacturing sector output, slipped 2.8%.

KSH confirmed that headline industrial output fell 3.2% in October, slowing from a 7.3% decline in the previous month. Output dropped 2.8% when adjusted for the number of workdays.

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