Hungarian Parliament building

Hungary Industry January 2021

Hungary: Industrial output swings to contraction in January

Industrial output dropped 2.8% year-on-year in January (December: +1.0% yoy), according to a second estimate.

A downturn in the manufacturing sector as well as a sharper contraction in the mining sector were behind the negative reading. On the other hand, growth in the energy sector accelerated.

On a monthly basis, industrial output inched up 0.2% in seasonally-adjusted terms in January, contrasting December’s 2.7% fall. Meanwhile, the trend deteriorated, with the annual average variation of industrial production coming in at minus 7.5% in January, from December’s minus 7.1% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest