Industrial output up 10% yr/yr in May

Telco

Hungary's industrial output rose 10% year-on-year in May, the Central Statistics Office (KSH) reported on Friday.

According to working-day adjusted figures, industrial output rose 7.4% year on year in May. Seasonally and workday-adjusted output rose 1.2% from April. The figures are unchanged from preliminary figures published on July 6.
According to seasonally and workday adjusted figures, domestic sales were up 0.3% from April and exports rose by 0.6%. Workday adjusted figures indicate 2.3% higher domestic sales volume in May than twelve months earlier and 12.7% higher export volume.
Exports of electric and optical equipment, which account for 40% of total exports of manufactured goods, increased 11% in volume terms compared to May 2005 and rose 13.2% in January-May. Exports of automotive companies, which account for one-fourth of total exports, were up 35.5% year on year in May and increased 29.4% over January-May 2005. These two groups account for two-thirds of total manufactured exports.
Domestic sales of manufactured goods rose 6.3% year on year in May, after falling a slight 0.6% from April. Sales were up 6.8% year on year in January-May. Domestic machinery sales rose 33.8% year on year in May and 30.7% year on year in January-May. Vehicle sales were up 17.1% year on year in May and they rose 15% year on year in January-May. Domestic sales volume of food products fell 2.7% year on year in May, but rose 3.5% year on year in January-May.
Labor productivity at companies with at least 5 employees improved 13% year on year in January-May, including the effect of a 2.3% fall in the number of staff. Productivity rose 12% up year on year in May.
The stock of industrial orders rose 15.8% year on year in May, boosted by a 22.7% rise in export orders. The twelve-month rise in orders decelerated, however, from 21.4% in April and 19.2% in March. Export orders rose more than 25% in both March and April in a twelve-month comparison. New export orders rose 7.2% year on year in May. New export orders fluctuated between a 12.5% decrease and a 44.8% increase in the first five months of 2006.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.