Hungary Industry


Industrial production deteriorates in November

According to preliminary data released by the statistical institute (KSH) on 8 January, industrial output expanded a working-day adjusted 5.8% over the same month of the previous year in November 2013. The reading was slightly below the 6.0% recorded in October.

On a monthly basis, industrial production fell a seasonally and working-day adjusted 0.5% in November, which mirrored the contraction recorded in the prior month. Meanwhile, annual average growth in industrial production edged up from a flat reading in October to a 1.1% expansion in November.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.9% in 2014, which is unchanged from last month's projection. For 2015, the panel expects industrial output to expand a stronger 4.3%.

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Hungary Industry Chart

Hungary Industry November 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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