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.
Related Articles
Glass wool production restarts in Hungary after 16-year hiatus
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Referendum finds 95% of Hungarians oppose Ukraine's EU accession - Orban
Hungarian Prime Minister Viktor Orban has declared that an overwhelming majority of Hungarians oppose Ukraine’s accession to the European Union, citing the results of a national referendum ahead of ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
12 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago