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Industrial output in July up 8.4% yr/yr

Hungary's industrial output rose by a seasonally- and working day-adjusted terms 1.2 % in July from June and was up 8.4% year-on-year, the Central Statistics Office (KSH) reported quoting preliminary data. The unadjusted year-on-year increase was 5.8% in July. Industrial output in the first seven months of 2005 was up 5.9% from the same period in 2004. In June, industrial output fell a seasonally and work-day-adjusted 1.5% in a month and rose 6.5% according to both working-day-adjusted and unadjusted figures. In the first six months of the year output rose 5.9%. Hungary's industrial output rose 8.3% in 2004 after a 6.4% increase in 2003.