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Hungary' industrial output up 9% YoY, but drops 1.1% MoM in July

Hungary's industrial gross output increased 9% in July 2010, compared to the corresponding period of the previous year,according to preliminary data published by the Central Statistics Office (KSH) on Wednesday. Seasonally and by working-day adjusted indices show that output fell 1.1% from the previous month.

The 1.1% drop was the second monthly decline this year following a 1.3% drop in February. The working-day adjusted index rose by 11.5% YoY. Production volume was 9% higher in the first seven months of 2010 than in the same period of the previous year.