Hungary's industrial growth slows down to 10.9% y/y in September.

By bne IntelliNews November 8, 2010
Hungary's industrial output increased by 10.9% y/y in September, decelerating from a 17.7% y/y the previous month, preliminary data from the statistics office (KSH) showed. On a working-day and seasonally-adjusted basis, the industrial output increased by 10.9 y/y and by 0.5% m/m in September. There was no detailed data on the industrial performance during the month at this stage, but we believe that external demand continued to have a higher contribution for the positive dynamics. On a cumulative basis, the industry was up by 10.2% y/y for the Jan-Sep period. The statistics office is due to publish the detailed data on Nov 12.

Hungary's industrial growth slows down to 10.9% y/y in September.

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