According to the release of the Hungarian Central Statistical Office published earlier this morning, output increased in nine sub sectors of the manufacturing industry: out of significant sub sectors transport equipment output was up by 7.7 percent, and the third largest sub sector, the production of food, beverages and tobacco products increased by 5.6 percent.

Among the sub sectors of median weight the production of chemicals and chemical products has been outstanding as it expanded by 12 percent year-on-year in the observed month, due especially to the manufacturing of plastics in primary forms.

Analysing sales it can be observed that industrial exports recorded an increase of 1.2 percent in October 2012, which was a consequence primarily of the 10.6 percent increase of transport equipment manufacturing exports. Until October this year industrial output per employee regarding enterprises with at least five employees increased by 1.2 percent. Domestic sales declined by 2.7 percent in the initial ten months of the year in comparison to the level of one year ago.

The volume of industrial output declined by 0.9 percent in the initial ten months of the year compared to the corresponding period of the previous year. In comparison to the same month in 2011, in October the decrease totaled 1.7 percent although two significant sectors, transport equipment manufacturing and the food industry, expanded. The decline was attributable primarily to lower output volume regarding the manufacturing of communication equipment and consumer electronics. According to seasonally and workday-adjusted monthly data, in October industrial production decreased by 3.8 percent, whereas in comparison to October 2011 the workday-adjusted index signals the same decline.

Manufacturing industry performance declined by 1.7 percent; output at the relatively less significant sector of mining and quarrying decreased by 5.6 percent, while energy industry performance was 1.4 lower in October 2012 compared to the level of one year ago.

(Ministry for National Economy)