Hungary's February output fell by 4.6% y/y, below forecast -stats

Kitco Media
By Reuters
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Updated:
Reuters
April 5 (Reuters) - Hungary's industrial output fell by an annual 4.6% in February based on preliminary unadjusted data, below analyst forecasts for a 1.4% drop, the Central Statistics Office (KSH) said on Wednesday. In January industrial output fell by 0.2%. Adjusted for the effect of working days, output fell by 4.6% year-on-year, while in monthly terms, it grew by 0.3%, the KSH said. The KSH said the majority of the manufacturing subsections contributed to the production decline. The volume of production fell in the manufacture of computer, electronic and optical products, as well as in that of food products, beverages and tobacco products. In the first two months, industrial output fell by 2.4% in annual terms.
INDUSTRIAL OUTPUT CHANGE, % Feb 2023 Jan 2023 Feb 2022 Unadjusted y/y -4.6 -0.2 +5.3 Adjusted y/y -4.6 -3.3 +5.3 m/m 0.3 -5.1 +1.9


(Reporting by Patrycja Zaras and Karolina Komada in Gdansk)

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