Are you sure?

Hungary industrial output growth slows, domestic sales drop yr/yr in October

Hungary's October industrial output was down a seasonally- and workday-adjusted 1.0% from September and rose 8.3% according to both unadjusted and workday-adjusted figures yr/yr, the Central Statistical Office (KSH) said on Wednesday, confirming a first reading released on December 7. Export sales rose but domestic sales dropped both in a monthly and a twelve-month comparison.

Export sales rose a seasonally- and workday-adjusted 2.3% from September after a 1.8% monthly decline and were up 14.0% in twelve months according to both unadjusted and calendar-adjusted figures. Twelve-month export growth picked up from 13.0% in September.

October domestic sales fell a seasonally- and workday-adjusted 6.4% from the previous month in the biggest monthly decrease in two years. Domestic sales fell now for the third month in a row. In a yr/yr comparison domestic sales were down 7.1% after a 4.0% in September. Domestic sales were up yr/yr in the previous three months.

January-October output was up 10.0% from a year earlier.

Industrial output declined 17.7% last year after no change in 2008. The last growth year was 2007 with an increase of 7.9%. (MTI-Econews)