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Hungary's industrial output up adjusted 10.8% yr/yr in November 2006

Hungary's industrial output rose both a working day-adjusted and an unadjusted 10.8% yr/yr in November 2006, the Central Statistics Office (KSH) reported on Tuesday.

November output was up 0.2% from October, according to both seasonally- and working day-adjusted figures. Output rose 10.3% year-on-year in January-November 2006, unadjusted figures show. The twelve-month adjusted and unadjusted growth rates are the same as preliminary figures published on January 10. Export sales rose 18.4% year-on-year in November 2006 and were up 14.6% year-on-year in January-November. November exports were boosted by a 31.5% increase in vehicle exports, which account for one-fourth of all exports of manufactured goods, and a 14.9% rise in exports of electric and optical equipment, which makes up a 40% share of all manufactured exports.

Domestic sales fell 0.7% year-on-year in November 2006, but rose 5.0% year-on-year in January-November. Domestic sales of capital goods rose 6.1% year-on-year in November and were up 8.2% year-on-year in January-November. Sales of consumer goods fell 1.0% year-on-year in November, but rose 7.0% year-on-year in January-November. Domestic sales of consumer durables jumped 91.5% year-on-year in November and rose a marked 122.3% year-on-year in January-November. Stock of orders for manufactured goods fell a slight 0.4% year-on-year in November 2006, although new orders rose 4.3%. New export orders increased 3.2% and new domestic orders were up 9.7%. Labour productivity at companies with five or more employees improved 12.2% year-on-year in January-November, including the effect of a 1.5% reduction in headcount. (Mti-Eco)