Hungary's industrial output rises 3.5% y/y in Nov 2013, in line with flash estimate.

By bne IntelliNews January 15, 2014

Hungary's industrial output increased by 3.5% y/y in November 2013, slowing down from a 6% y/y rise in the previous month, the statistics office said confirming the preliminary figures published on January 8. The manufacturing of transport equipment remained the key driving force.

Industrial export sales grew by 4.4% y/y in November. This was mainly due to a 14.9% y/y growth in the exports of transport equipment segment, which represented nearly a third of the manufacturing exports. By contrast, the manufacture of computer, electronic and optical products, which was the second largest subsection of manufacturing exports, declined by 12.4% y/y.

Industrial domestic sales increased by 1.1% y/y in November, slower than the 5.1% annual rise in the previous month.

Overall, the output of the manufacturing sector increased by 3.9% y/y in November, the mining and quarrying increased by 11.4% y/y, while the energy sector registered a 9.1% y/y drop.

In aggregate terms, the industrial output picked up by 0.9% y/y in the first eleven months of 2013.

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