Hungary Industry November 2021


Hungary: Industrial activity rebounds in November

January 7, 2022

Industrial production rose 2.1% year-on-year in November (October: -2.7% yoy), according to a preliminary estimate. November's result marked the sharpest expansion in four months.

On a monthly basis, industrial output increased 2.9% in seasonally-adjusted terms in November, accelerating from October’s 0.3% increase. Meanwhile, the trend was stable, with the annual average growth of industrial production coming in at October’s 12.2%.

FocusEconomics Consensus Forecast panelists project industrial output to increase 6.1% in 2022, which unchanged from last month’s projection. For 2023, the panel projects industrial output to expand 4.2%.


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Hungary Industry Chart

Hungary Industry November 2021 0

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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