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Hungary freight volume fall slows to 11.7% in Q3

Freight volume in Hungary dropped 11.7% to 85.503 million tons in Q3 from the same period a year earlier as output declined, the Central Statistics Office (KSH) said on Wednesday.

It dropped 12.1% year-on-year in Q2 to 79.671 million tons after falling 14.5 % to 60.027m tons in Q1.

Performance of the transport sector dropped 7.6% to 12.779 billion freight-ton-kilometers after loosing 12.1% to 23.599 billion freight-ton-kilometers in H1.

Domestic transport volume fell 10,5% to 66.643 million tons and performance dropped 8.1% to 4.047 billion freight-ton-kilometers in Q3. International transport volume fell 15.7% to 18.86 million tons and performance slipped 7.3% to 8.732 billion freight-ton-kilometers.

In domestic and international freight fewer goods were transported at longer distances, while the empty running of vehicles dropped. Freight companies suffered a deeper fall than the headline figures.
Freight of other companies beyond the transport industry accounted for 47% of volume performance and 28% of freight-ton-kilometer performance in the first nine months of the year as they transport mainly in their own operation area over a shorter distance.

Road transport volume fell 11% year-on-year in the first nine months of the year, rail transport fell 21%. Freight-ton-kilometer rail transport suffered the greatest decline at 27%.

Long-distance passenger transport volume fell 7% and dropped 6% on performance in the first nine months. Passenger traffic at Ferihegy Airport in Budapest fell by 6% from the first nine months of last year to 6.2 million, after dropping 9% year-on-year to 3.6 million in H1.

The number of car registrations - new cars and imported used cars - was 61,000 in the first nine months, a sharp 56% fall from Q1-Q3 last year, after falling 51% year-on-year to 46,000 in H1. (MTI-ECONEWS)