The Central Statistical Office (KSH) confirmed on Tuesday that industrial output in Hungary fell by an annual 3.8% in June after dropping 6.7% in the previous month. The output dropped by 6.1%, adjusted for the number of working days. The output of the automotive industry, Hungary’s biggest manufacturing sector, rose by an annual 19.1%, picking up from 10.8% growth in the previous month, the detailed KSH data shows. The electrical equipment segment grew by 16.9%, while the output of the food, drinks and tobacco segment slipped by 11.1%. Month on month, output fell by 0.9%, according to seasonally and working day-adjusted data. In the January-June period, output dropped by an annual 4.8%.
Meanwhile, the output of Hungary’s construction sector dropped by 3.8% year on year in June. Output of the buildings segment rose by 7.5%, while civil engineering output dropped by 20.5%. In absolute terms, the construction sector output was worth 629.8 billion forints in June. Month on month, output fell by 1.4%, adjusted for seasonal and working-day effects. Construction output fell by 7% in January-June from the base period.