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Hungary's industrial output declined in preliminary

Hungary's industrial output declined 12.9% in October yr/yr according to unadjusted figures and fell 12.9% according to calendar-adjusted figures, preliminary data published by the Central Statistical Office (KSH) on Thursday showed.

The rate of the drop was lower than the 15% drop in September, and the slowest this year.

Industrial output grew 1.8% from September, according to workday- and seasonally-adjusted figures. Output rose month-on-month both in May and June, and dropped slightly in July and August, and rose again, by 3.7%, in September.

January-October industrial output fell 20.2% compared to the same period of 2008. In January-September, the drop was 21%.

Unadjusted industrial output has fallen year-on-year every month since October 2008, and workday-adjusted output has fallen every month since July of last year.

KSH will publish a detailed second reading of the October figures, together with industrial sales figures, on December 15. (MTI-ECONEWS)