In April, industrial production expanded a working day adjusted 9.7% over the same month last year. The reading came in above the revised 9.3% increase in March (previously reported: +9.2% year-on-year) and beat market expectations, which had production rising 9.3%. Growth continued to be supported by manufacturing, which accelerated a notch to a 10.2% expansion, which more than offset a decline in mining and quarrying. As was the case throughout last year, industrial export sales remain the backbone of the recovery. In April, industrial exports rose a working day adjusted 7.6%, which marked a deceleration over the 14.5% expansion tallied in March. Production for domestic use remained in negative territory for the seventh month in a row and contracted 3.4%. A month-on-month comparison corroborates the acceleration suggested by the annual figures, as industrial production expanded a seasonally and working-day adjusted 0.7% over the previous month, following a 3.6% drop in March. Meanwhile, annual average growth in industrial output remained stable at a solid 11.5%.
Industrial production picks up
June 15, 2011
Looking for forecasts related to Industry in Hungary? Download a sample report now.
Hungary Economic News
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.
Hungary: Central Bank leaves base rate at 0.90%, continues easing monetary conditions by capping main deposit facility
September 20, 2016
The Central Bank of Hungary (NBH) held all rates constant at its 20 September monetary policy meeting, but continued easing monetary policy conditions by using unconventional monetary policy instruments.
September 9, 2016
In August, consumer prices fell 0.4% over the previous month, coming in below July’s softer 0.2% decrease.