Hungary Industry November 2016

Hungary

Hungary: Industrial output expands in November

January 6, 2017

According to preliminary data released by the Statistical Institute (KSH) on 6 January, Hungary's industrial output in November rose a working-day adjusted 0.6%, contrasting the 2.1% contraction observed in October and marking the first expansion in three months.

On a monthly basis, industrial production decelerated from a seasonally- and working-day adjusted 2.0% expansion in October to 0.9% growth in November. The overall trend continued to point downward as annual average growth in industrial production nosedived from 1.7% in October to 1.2% in November, marking the lowest reading in three years.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.0% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects industrial output to expand 4.7%.


Author: Jean-Philippe Pourcelot, Economist

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Hungary Industry Chart


Hungary Industry November 2016

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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