Hungary Industry

Hungary

Hungary: Growth in industrial production decelerates in June

August 7, 2015

According to preliminary data released by the statistical institute (KSH) on 7 August, industrial output in June rose a working-day adjusted 6.0% over the same month last year, marking a deceleration compared to the 6.4% increase observed in May and the slowest expansion in four months.

On a monthly basis, industrial production rose a seasonally- and working-day adjusted 1.1% in June, which contrasted May’s mild 0.2% contraction. Meanwhile, annual average growth in industrial production eased from 6.8% in May to 6.4% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.7% in 2015, which is up 0.4 percentage points from last month’s projection. For 2016, the panel expects industrial output to expand 5.2%.


Author: Teresa Kersting, Economist

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Hungary Industry Chart


Hungary Industry June 2015

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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