Hungarian Parliament building

Hungary Industrial production April 2023

Hungary: Industrial activity contracts at sharpest pace since July 2020 in April

According to a second estimate by the Statistical Institute, industrial output dropped 5.8% year on year in April (March: -4.0% yoy). The result marked the worst reading since July 2020. April’s reading was partly driven by a deterioration in manufacturing production, as it fell at the sharpest pace since July 2020. In addition, mining and quarrying output fell heavily.

On a monthly basis, factory output decreased 2.5% in seasonally adjusted terms in April, which was significantly below March’s flat reading. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over two-year low of 2.5% in April, down from March’s 3.4% 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