In November, industrial output rose a working-day adjusted 3.5% over the same month last year, which came in above the 3.0% expansion observed in October and represented the strongest reading in three months. The acceleration was mainly driven by the mining and quarrying sector, which surged from a 10.8% increase in October to a 30.6% rise in November. Electricity, gas, steam and air conditioning supply also stepped up markedly, albeit remaining negative in November, while manufacturing output moderated to a 3.4% increase (October: +3.9% year-on-year). Meanwhile, industrial exports remained the only source of growth and rose a working-day adjusted 4.5%, whereas sales in the domestic market contracted for the fourteenth month in a row, dropping 1.4%. A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial production expanded a seasonally and working-day adjusted 4.2% over the previous month, which contrasted the 0.8% contraction recorded in October, thereby recording the strongest print since January 2011. The trend continues to point downwards, however, with annual average growth in industrial output falling from 6.1% in October to 5.2% in November
Industrial production picks up in November
November 8, 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.