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.
Hungary's Magnus Aircraft is constructing a new manufacturing plant in southern Hungary near the regional Pecs-Pogany airport to meet rising demand for its unique aircraft and plans to finish ... more
Gyorgy Waberer, the former owner of haulage company Waberer, plans to list shares of Budapest logistics terminal BILK on the Budapest Stock Exchange in June, local media reported on May 28. “I ... more
Hungary has reached an agreement with Russian gas giant Gazprom on the volume and price of next year's gas deliveries and negotiations have begun on gas deliveries for 2020, Foreign Minister Peter ... more