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Hungary industrial output rose 6.1% yr/yr in January

Hungary’s industrial production rose 6.1% in January compared to a year earlier according to both working day-adjusted and unadjusted figures, the Central Statistical Office (KSH) said Friday.

The second reading figure is down from a preliminary 6.6% increase published on March 7. Even with the downward revisiton, the pace of growth picked up after slowing to 5.3% year-on-year in December. 2007 output rose 8.1%. The monthly growth was 1.0% in January, revised down 0.3% points from preliminary figures. According to working day-adjusted figures, industrial export sales volume rose 18.5% year-on-year in January, and domestic sales rose just 2.7% in one year. Unadjusted figures show a 10.9% rise in exports and no change in domestic sales compared to January 2007. (MTI-Econews)