Hungary's industrial output growth accelerates to 17.6% y/y in August.

By bne IntelliNews October 7, 2010
Hungary's industrial output increased by 17.6% y/y in August, accelerating from a 9% y/y growth for the previous month, preliminary data from the statistics office (KSH) shows. On a working-day and seasonally-adjusted basis, industrial output picked up by 14.9% y/y and by 2.2% m/m in August. Although there was no detailed data on the industrial performance during the month we believe that the growth resulted on the back of strong external rather than domestic demand. On a cumulative basis, the industry was up by 10% y/y for the Jan-Aug period. The statistics office is due to publish the detailed figures on the sector on October 14.

Hungary's industrial output growth accelerates to 17.6% y/y in August.

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