Hungarian industrial output started to grow again

Hungarian industrial output grew an annual 1.9 percent in February after declining by 6.7 percent in January, the Central Statistical Office (KSH) confirmed in a second reading on Wednesday.

Working day-adjusted output in February rose by an annual 3.9 percent, while month on month it grew by 4.8 percent, based on seasonally and working day-adjusted data.

Output of Hungary’s automotive sector dropped by an annual 6.6 percent.

The contraction in the sector, which accounted for 30 percent of total manufacturing output in February, slowed from a 27.5 percent drop in the previous month. Output of the computer, electronics and optical equipment segment, accounting for 12.5 percent of manufacturing, increased by 9.8 percent.

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Output of the food, drinks and tobacco segment, which made up 10 percent of manufacturing sector output, fell by 2.9 percent.