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Hungary industrial output growth slows to 10.9% in September

Hungary's industrial output rose 10.9% according to both unadjusted and workday-adjusted figures in the twelve months to September, the Central Statistics Office (KSH) said in a first reading on Friday.

Output rose a seasonally- and workday-adjusted 0.5% from September after a 2.3% adjusted monthly increase in August.

The rise in output slowed from an unadjusted 17.7% and a workday-adjusted 15.1% in the twelve months to August. KSH revised all the August increases slightly upward.

January-September output was up 10.2% from a year earlier.

Industrial output declined 17.7% last year after no change in 2008. The last growth year was 2007 with an annual increase of 7.9%.

Workday-adjusted output increased yr/yr each month this year after an uninterrupted yr/yr decline from October 2008 through December 2009. Unadjusted output started to rise yr/yr one month earlier than adjusted output did, already in December 2009.

In a m/m comparison output rose each month this year except for February and July.

KSH will publish a second reading of the September figures, including data on export and domestic sales on November 12. (MTI Econews)