Hungary's freight volume down 11% in Q3 2011.

By bne IntelliNews November 29, 2011
Hungary's freight companies transported 69.8mn tones of goods in the third quarter of 2011, a decrease of 11% y/y as the sector was affected by the unstable recovery of the domestic economy, data from the statistics office showed. The weak performance was observed in all transport sectors except rail transportation, which expanded by 2%y/y. The road, inland waterway and pipeline transportation worsened by 13% y/y, 32.7%y/y and 6.4% y/y, respectively. The 16.3% y/y decline in cargo volume in the domestic transportation sector was only partially offset by a 3% y/y expansion of international transportation. In terms of tonnes per kilometre, the deterioration was much moderate at 2.3% y/y in Q3, while the marginal 0.9% y/y decline reported for Q2 was revised to a 1.2% growth. The international deliveries, expressed in tonne-kilometre edged up by a 0.8% y/y on an annual basis, while domestic transportation dropped by 9.5% on the year.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Most Read

  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    3 days ago
  2. Volkswagen doubles exports of Russia-made cars
    8 days ago
  3. Russia's Binbank asks central bank for help
    3 days ago
  4. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    10 days ago
  5. Kremlin to launch massive infrastructure projects in 2018
    2 days ago
  1. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    10 days ago
  2. Hungary threatens to block Romania’s OECD accession
    17 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    21 days ago
  4. Wild capitalism threatens the untamed rivers of Southeast Europe
    1 month ago
  5. Russia’s government moves from war budget to election budget
    29 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss