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 investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more