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New manufacturing sector orders up 7.7% in September

New orders of manufacturing companies were up 7.7% in September from the same month a year earlier after a 12.0% rise in August, the Central Statistics Office (KSH) said on Tuesday.

New export orders were up 9.7% yr/yr in September and new domestic orders fell 4.9%.

The yr/yr rise of new export orders slowed from 14.2% in August, but still compared favorably to the previous four months when new export orders dropped except for a moderate 3.9% rise in May.

New domestic orders have fallen for the second month in September after yr/yr rises between April and July 2011 broke a steady decline posted between April 2009 and March 2011.

New export orders continued to exceed year-earlier levels steeply in the machinery and equipment as well as in the manufacturing segments and grew for the first time after five months of steep yr/yr declines in the pharmaceuticals industry. They fell yr/yr, in contrast, in the chemicals and in computer, IT and optical-product manufacturing.

New domestic orders for machinery and equipment continued to rise sharply yr/yr, increased again in vehicle manufacturing, textile and clothing, but fell elsewhere.

Total stock of orders at the end of September was up 14.2% from a year earlier. Export order stock was up 16.5%, but domestic order stock fell 5.0%.

Export order stock has exceeded year-earlier levels since October 2010 and the September increase stemmed from a high base. Total export orders of Hungary’s manufacturing industry were steadily down yr/yr between November 2008 and July 2010.

Total domestic order stock rose yr/yr between April and July this year after two years of steady decline starting in April 2009.