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13th December, 2018

KSH confirms 6% industrial growth

Industrial output in October was up 5.9% year-on-year, the Central Statistics Office (KSH) said in its second reading of the data, released on Wednesday.

Adjusted for the number of workdays, output increased by 3.3%, up from a 2.2% rise in September, the lowest figure in a year.

On a monthly basis, industrial output grew by 2%.

The expansion of the electronics industry was particularly significant in October, the KSH said, as output of computers, electronics and optical equipment was 11.7% higher.

Growth in the manufacture of transport equipment – one of the key drivers of industry – rose after three months of declines but was below the average rate of growth, up 3.1% year-on-year.

Industrial exports grew by 1%, while domestic sales increased by 6.7% in the first ten months. Overall industrial output in the January-October period was 3.4%.

Innovation and Technology Ministry state secretary Gyula Pomazi said growth in health care and pharmaceutical sectors looked promising. Based on the stock of orders and confidence indices, robust export growth can be expected in the coming months, he added. (napi.hu; profitline.hu; portfolio.hu)
13th December, 2018

Hotel bookings up 85% for Christmas

Hotel bookings over the Christmas holidays are increasing every year, with bookings in the December 22-26 period up 85% this season, according to data from Hungarian booking website Szallas.hu.

Last year, bookings during the same period were up 120%.

As usual, the list of the most popular Hungarian destinations is led by Budapest, followed by hotels in Heviz, Eger, Hajduszoboszlo and Szeged.

The average booking value is Ft 63,000, while the average length of accommodation among people travelling at Christmas is two nights, said Szallas.hu marketing manager Nora Keresztes.

The most popular foreign destination this Christmas is Zakopane, Poland, followed by Vienna, Cracow, and Prague. (vg.hu; boon.hu; atv.hu)

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