Hungary Industry June 2017


Hungary: Industrial output expands in June

August 11, 2017

According to revised data released by the Statistical Institute (KSH) on 11 August, industrial output rose a working-day adjusted 6.5% year-on-year in June, which was a slight acceleration from May’s 6.2% expansion. June’s growth came on the back of increased output in manufacturing, the dominant industrial sector, and double-digit growth in output in the mining and quarrying sector, whereas output in the electricity, gas, steam and air conditioning sector receded slightly.

In monthly terms, industrial production swung from a seasonally- and working-day adjusted 2.1% expansion in May to a 1.2% contraction in June. However, annual average growth in industrial production edged up from 2.4% in May to 3.0% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.0% in 2017, which is up 0.2 percentage points from last month’s projection. For 2018, the panel expects industrial output to expand 5.1%.

Author:, Economist

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Hungary Industry Chart

Hungary Industry June 2017

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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