Hungary's June output falls by 1.4% y/y, final data shows -stats

Hungary's industrial output fell by an annual 1.4% in June based on final data, the same as a prelimnary estimate, the Central Statistics Office (KSH) said on Tuesday.

BUDAPEST, Aug 13 (Reuters) - Hungary's industrial output HUIND=ECI fell by an annual 1.4% in June based on final data, the same as a prelimnary estimate, the Central Statistics Office (KSH) said on Tuesday.

Adjusted for workday effect output actually grew by 4.1%, while the month-on-month decline of 1.8% was the lowest figure in nine months.

The KSH said two fewer working days than a year ago caused the significant difference, while most segments of the manufacturing sector contributed to a slower growth in June.

Output growth in car manufacturing, which has the biggest weight overall, decelerated, while the production of computers, electronic and optical goods contracted, the KSH said.

INDUSTRIAL OUTPUT CHANGE (PERCENT)

June 2019

May 2019

June 2018

Unadjusted y/y

-1.4

9.1

4.2

Adjusted y/y

4.1

6.3

2.9

m/m

-1.8

1.3

0.0

NOTE: Month-on-month figures are seasonally and working day adjusted. Adjusted year-on-year data reflect the number of working days.

(Reporting by Marton Dunai)

((marton.dunai@tr.com; +36-30-952-7878 (Cell/Signal); https://reut.rs/2OXGXbW ;))

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