May 5 (Reuters) - Hungary's industrial output fell by an annual 4.1% in March based on preliminary
unadjusted data, below analyst forecasts for a 1.2% drop, the
Central Statistics Office (KSH) said on Friday.
In February industrial output fell by 4.6%.
Adjusted for the effect of working days, output fell by 4.0%
year-on-year, while in monthly terms, it grew by 0.2%, 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 three months, industrial output fell by 3.1% in
annual terms.
INDUSTRIAL OUTPUT CHANGE, % March 2023 Feb 2023 March 2022
Unadjusted y/y -4.1 -4.6 +3.9
Adjusted y/y -4.0 -4.6 +4.5
m/m +0.2 +0.3 -0.5
(Reporting by Antonis Pothitos and Berna Syuleymanoglu in
Gdansk)