BUDAPEST --Hungarian industrial production fell in August from a year earlier as the slowdown in Europe, Hungary's main export market, continued to affect companies of all sizes in Hungary, data released by the central statistics office KSH showed Wednesday.
Output also fell in August this year as there were two less work days than during the same period a year earlier, the KSH added.
Industrial output was down 1.2% on the year in August, unchanged from a preliminary reading published Oct. 7, marking the third consecutive year-on-year decline since June.
Output was up 0.8% from July, also unchanged from the preliminary reading.
The final reading is part of the statistics office's regular data revision procedure.
Export sales rose 1.6% on the month and were down 1.3% on the year in volume terms, compared with a monthly fall of 0.1% and an annual fall of 2.8% in the previous month.
Domestic sales rose 0.4% on the month and fell 2.1% on the year in volume terms in August, compared with a monthly rise of 0.6% and an annual fall of 1.3% in July.
Statistics office's Web site: www.ksh.hu
-By Margit Feher, Dow Jones Newswires; +361-267-0622; margit.feher@dowjones.com
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