Hungary Industry September 2018


Hungary: First estimate signals cooling growth in industrial production in September

November 8, 2018

According to the first estimate released by the Hungarian Central Statistical Office (KSH) on 8 November, industrial output increased a working-day adjusted 2.2% year-on-year in September, down from August’s revised 4.6% yoy rise (previously reported: +4.5% year-on-year).

In month-on-month, seasonally and working-day adjusted terms, industrial production contracted 2.1%, contrasting a revised 3.9% increase in August (previously reported: +3.8% month-on-month). Annual average growth in industrial production edged down from August’s 4.7% to 4.3% in September.

Hungary Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.1% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects industrial output to expand 4.5%.

Author: Massimo Bassetti, Senior Economist

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Hungary Industry Chart

Hungary Industry September 2018

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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