Hungary's industrial production declines unexpectedly in September

Hungary's industrial production declined unexpectedly in September, data from the Hungarian Central Statistical Office showed on Tuesday. Industrial output fell by 3.7 percent in annual terms in September confounding expectations for an increase of 3.4 percent.

This was the first decline in three months. Output had increased 3.2 percent in August. On a monthly basis, industrial output slid 3 percent in contrast to a 1.2 percent rise seen in August. During the January to September period, industrial production rose 1.5 percent from the same period of 2015.

The forint retreated and Hungarian bonds eased after a surprise fall in industrial output. The forint eased 0.2 percent against the euro to 306.11 by 10:01 GMT. EUR/HUF edged lower from day's highs around 306.25 to trade at 305.86 at around 11:10 GMT.

Most Central European currencies were largely muted as investors were unwilling to take major bets ahead of the U.S. elections. A likely win of Democrat Hillary Clinton could slightly lift regional currencies and equities and weaken government bonds.