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Hungary: -9.5% production in automotive in September

Sector accounts for more than one-fourth of manufacturing

13 November, 18:10
(ANSA) - BELGRADE, NOVEMBER 13 - The automotive sector in Hungary recorded a 9.5% year-on-year decline in the output volume in September, according to new data from the Hungarian Central Statistical Office (KSH), local media reported.

The automotive sector in Hungary accounts for more than one-fourth of the entire output of the national manufacturing sector, the portal Budapest Business Journal informed. Also the manufacture of computer, electronic and optical products, which accounts for 12% of manufacturing in Hungary, declined by 2.1% year-on-year in September, KSH said in a note.

Data from the KSH show that, in the period January-September 2018, the entire industrial production in Hungary rose however by 3.1%. The volume of export sales, which represent 64% of all sales, went up by 0.5%, while that of domestic sales grew by 6.0%, KSH said. (ANSA).

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