Hungary Industry December 2018


Hungary: First estimate signals steady growth in industrial production in December

February 7, 2019

According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 7 February, industrial output increased a working-day adjusted 3.6% year-on-year in December, virtually matching November’s 3.5% rise.

In month-on-month, seasonally and working-day adjusted terms, industrial production jumped 2.5% in December, contrasting a 1.1% contraction in November. Meanwhile, annual average growth in industrial production inched down from November’s 3.8% to 3.7% in December, 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 December 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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