Hungary Industry October 2018


Hungary: First estimate signals growth in industrial production picks up in October

December 10, 2018

According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 6 December, industrial output increased a working-day adjusted 3.3% year-on-year in October, up from September’s 2.2% yoy rise.

In month-on-month, seasonally and working-day adjusted terms, industrial production rose 2.0%, strongly contrasting a 2.1% contraction in September. Annual average growth in industrial production edged down from September’s 4.3% to 3.9% in October, the weakest reading in over one year.

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 October 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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