Industrial output falls 2.3 pc in Sept as chip shortage weighs

Industrial output in Hungary fell by an annual 2.3 percent in September as the global chip shortage impacted the local automotive industry, the Central Statistical Office (KSH) said on Friday. Output of vehicle manufacturing "fell significantly" in September as the global semiconductor shortage caused factory shutdowns, KSH said in the first reading of data. Output of the computer, electronics and optical equipment segment also declined, while output of the food, drinks and tobacco segment rose, it added.