Hungarian Parliament building

Hungary Industrial production October 2023

Hungary: Decline in industrial output softens in October

According to a second estimate by the Statistical Institute, industrial output decreased 2.7% compared to the same month of the previous year in October, which was a less pronounced contraction than September’s 5.8% decrease. The print marked the best reading since December 2022. October’s softer drop was largely driven by smaller falls in manufacturing and electricity, gas, steam and air conditioning output.

On a seasonally adjusted monthly basis, factory output fell 0.7% in October (September: +1.3% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over two-year low of minus 3.2% in October, down from September’s minus 2.6% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest