KSH: Industrial output growth slows
Output growth of Hungary's vehicle manufacturing companies, which is considered to be an engine of growth in Hungary's industrial sector, slowed to 5.1% year-on-year in October from two-digit growth in September, the Central Statistics Office (KSH) reported today
Output of the computer, electronics and optical equipment segment, which also accounts for a big slice of the industrial sector, was effectively unchanged from a year earlier, KSH said. Output of food companies was down 0.2%, primarily on falling exports.
Total industrial output rose 1.7% year-on-year in October according to both unadjusted and workday-adjusted figures, KSH confirmed.
Domestic sales were down 2.4% year-on-year and export sales inched up 0.4%.
In a month-on-month comparison, industrial output fell 2.6% in October, adjusted for seasonal and workday effects.
In January-October, industrial output rose 7.8%, KSH confirmed.
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.