Hungary Industry


Industrial production improves in September

According to data released by the statistical institute (KSH) on 8 November, industrial output expanded a working-day adjusted 3.1% over the same month last year in September. The reading came in well above the revised 0.8% expansion recorded in August (previously reported: +0.9% year-on-year).

On a monthly basis, industrial production rose a seasonally and working-day adjusted 1.8% in September, which was up from the revised 0.1% rise recorded in August (previously reported: +0.7% month-on-month). Meanwhile, annual average growth in industrial production edged up from minus 1.0% in August to minus 0.8% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.0% this year, which is down 0.4 percentage points from last month's projection. For next year, the panel expects industrial output to expand a stronger 3.7%, which is up 0.4 percentage points from last month's estimate.

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Hungary Industry Chart

Hungary Industry September 2013

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hungarian Central Statistics Office and FocusEconomics calculations.

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