KSH: Industrial output growth slows

Automotive

Output growth of Hungary's vehicle manufacturing companies, which is considered to be an engine of growth in Hungary's industrial sector, slowed to 5.1% year-on-year in October from two-digit growth in September, the Central Statistics Office (KSH) reported today

Output of the computer, electronics and optical equipment segment, which also accounts for a big slice of the industrial sector, was effectively unchanged from a year earlier, KSH said. Output of food companies was down 0.2%, primarily on falling exports.

Total industrial output rose 1.7% year-on-year in October according to both unadjusted and workday-adjusted figures, KSH confirmed.

Domestic sales were down 2.4% year-on-year and export sales inched up 0.4%.

In a month-on-month comparison, industrial output fell 2.6% in October, adjusted for seasonal and workday effects.

In January-October, industrial output rose 7.8%, KSH confirmed.

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