Industrial output down 10.4 percent yr/yr

Written by BT/MTI

Industrial output in Hungary was down by an annual 10.4 percent in March, 2.8 percent when adjusted for the number of workdays, the Central Statistical Office (KSH) said in a second reading of data on Wednesday.

Month on month, output fell by 3 percent when adjusted for seasonal and workday effects, KSH said.

Production shrank in all sectors of the manufacturing industry, the steepest in machine manufacturing, the report said.