Exports rise, domestic sales drop bring industrial output up 3.0% yr/yr in Sept
Hungary’s industrial output rose a calendar-adjusted 3.0% year-on-year in September after edging down 0.4% in August, the Central Statistics Office (KSH) said on Tuesday as export growth picked up slightly and domestic sales continued to decline sharply yr/yr.
Unadjusted output was also up 3.0% year-on-year in September, after climbing 4.5% in August. Seasonally- and workday-adjusted output was up 3.9% in September, after falling 1.2% in August.
All output figures were unchanged from the preliminary figures published on November 8.
Domestic sales fell 7.1% yr/yr in September after a 8% yr/yr drop in August, dropping now for the 12th month in a row, calendar-adjusted figures show.
Export sales rose a calendar-adjusted 4.1% in the twelve months to September, slightly more than the 3.5% rise in August.
In a seasonally and workday-adjusted month-on-month comparison domestic sales dropped 0.5% and export sales dropped 0.6% in September.
Industrial output rose 6.2% in January-September from the same period a year earlier as domestic sales dropped 5.2% and export sales rose 9.1% in the period.
ADVERTISEMENT
Hungary Backs Compromise Over Euro 7 Engine Regulation
Gov't Extends Deposit Rate Cap Till Year-end
Media Markt Sanctioned for False Advertising
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
