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Industrial output up 8.4% yr/yr in July

Hungary's industrial output rose 1.2% in July from June, according to seasonally and work-day-adjusted figures, and rose a working-day-adjusted 8.4% year on year, the Central Statistics Office (KSH) reported on Thursday. The figures are unchanged from preliminary data published on September 7. According to seasonally and working day adjusted figures, industrial export sales volume rose 1.7% in July alone and 12.1% year on year, while domestic sales volume fell 0.3% in July and grew by 3.2% from the same month last year. The unadjusted year on year increase was 5.8% in July, from 3.2% rise in domestic sales and 8.6% rise in export sales volume. Industrial output in the first seven months of 2005 was up 5.9% from the same period last year.