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Industrial output up 2.8% yr/yr in March

Hungary's industrial output rose 2.8% according to both unadjusted and a workday-adjusted figures in the twelve months to March, the Central Statistics Office (KSH) said in a first reading on Thursday.

The twelve-month increase slowed from a 8.4% adjusted and unadjusted increase in February partly reflecting a relatively higher base.

Unadjusted output rose now for the fourth month in a row after an uninterrupted twelve-month decline between October 2008 and November 2009. Workday-adjusted output rose yr/yr for the third time since July 2008.

In a month-on-month comparison, output fell a seasonally- and workday-adjusted 0.4% after a 1.7% fall in February. The drops followed a 8.3% month-on-month jump, the steepest monthly rise in two years, in January.

Output has varied in an adjusted monthly comparison, it rose in September and October, and fell again in November and December.

January-March output was up 4.5% yr/yr. Industrial output fell 17.7% last year after no change in 2008.

KSH will publish details, including data on domestic and export sales, on May 14. (MTI-ECONEWS)