Hungary Industry March 2018


Hungary: Industrial output growth eases further in March

May 9, 2018

According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 8 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase observed in February.

In month-on-month seasonally- and working-day adjusted terms, industrial production contracted 0.7%, contrasting the 0.6% increase in February.

Lastly, annual average growth in industrial production moderated further from February’s 5.7% to 5.0% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.5% in 2018, which is down 0.3 percentage points from last month’s projection. For 2019, the panel expects industrial output to expand 4.5%.

Author: Jean-Philippe Pourcelot, Economist

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Hungary Industry Chart

Hungary Industry March 2018

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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