Hungary Industry December 2016


Hungary: Growth in industrial output accelerates in December

February 7, 2017

According to preliminary data released by the Statistical Institute (KSH) on 7 February, industrial output accelerated from a working-day adjusted 0.7% annual expansion in November to 1.9% in December.

On a monthly basis, industrial production decelerated from a seasonally- and working-day adjusted 0.8% increase in November to 0.5% growth in December. The overall trend continued to point downward as annual average growth in industrial production nosedived from 1.2% in November to 0.8% in December, marking the lowest reading in over three years.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.8% in 2017, which is down 0.2 percentage points from last month’s projection. For 2018, the panel expects industrial output to expand 4.9%.

Author: Jean-Philippe Pourcelot, Economist

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Hungary Industry Chart

Hungary Industry December 2016

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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