Hungary Industry

Hungary

Hungary: Growth in industrial production speeds up in August

October 7, 2015

According to preliminary data released by the statistical institute (KSH) on 8 October, industrial output in August rose a working-day adjusted 6.2 % over the same month last year, marking an acceleration compared to the 3.4% increase observed in July.

On a monthly basis, industrial production fell a seasonally- and working-day adjusted 2.0% in August, which marked a steeper drop than July’s 0.7% decline. Meanwhile, annual average growth in industrial production sped up from 5.6% in July to 5.9% in August.

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 August 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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