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Industrial output up 3.5% as exports rise more, domestic sales drop less

Hungary’s industrial output rose 3.5% yr/yr in November according to both adjusted and unadjusted figures, the Central Statistics Office (KSH) said on Friday, as export growth accelerated and domestic sales dropped less than a month earlier.

Export sales rose 4.5% yr/yr in November after a 1.0% rise in October and domestic sales fell 1.4% from twelve months earlier after dropping 6.2% in October.

The 3.5% rise in industrial output followed a 3.0% yr/yr increase in October.

All output figures were unchanged from the preliminary figures published on January 6.

Seasonally and workday-adjusted output was up 4.2% yr/yr in November after dropping 0.8% in October and rising 3.9% in September.

Industrial output rose 5.6% yr/yr in January-November.

Hungary’s industrial output rose 10.6% in 2010 after a 17.8% contraction in 2009.