Industrial production: buoyant exports, sluggish domestic orders
Wednesday, March 16, 2005, 00:00
The volume of Hungary?s industrial output rose 2.7% in January year-on-year, or 2.8% in working day adjusted figures, according to the revised figures of the Central Statistics Office (KSH). The change compared with the previous month, which is adjusted not to reflect seasonal fluctuations and differences in the number of working days, was 0.7%. The volume of January industrial exports was 6.8% higher than a year earlier, while domestic industrial sales dropped by 1.7%. In January, the output of the processing industry rose 3.3%, the mining industry produced 4.4% more, while the output of the electricity, natural gas, district heating and water suppliers decreased by 2.5%. The processing industry branches tracked by KSH received 2.8% more orders than they did in January 2004. Export orders jumped by 4.5%, while domestic orders fell 5%. The per capita industrial production of businesses employing at least 5 people was 4.6% higher than a year earlier.