Hungary’s industrial output up but leather sector down in September
The gross output of manufacturing, the largest industrial sector, was up by 7.3% in September and by 10.5% in the January to September period.
Four sectors within manufacturing saw a decline in production in September, with the largest drop of 15.5% in the leather industry. The downward trend in the industry has registered a 17.1% fall in production this year so far. The machinery and equipment segment has continued its three-month decline, falling by a further 0.6% in September. The manufacture of pulp and paper products was down by 7.2%.
The KSH has attributed the decline to new EU regulations introduced in May 2004 such as the end of state subsidies and import duty.
