January 15th, 2010

Hungary Nov industry output falls 7% year-on-year

Hungary’s industrial output fell by an annual 7 percent in November, unchanged from the preliminary figure, the Central Statistical Office (KSH) said on Friday.

Working day adjusted output dropped an annual 9.2 percent compared to the preliminary estimate of a fall of 9.3 percent.

Seasonally and working day adjusted output declined by 1.3 percent in November after rising 1.8 percent a month earlier.

In the first 11 months Hungary’s output was down 19.1 percent year on year.

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