Hungary Industry April 2019

Hungary

Hungary: Industrial output growth moderates in April

June 13, 2019

Industrial output increased a working-day-adjusted 6.0% year-on-year in April, down from 8.0% in March. According to the Hungarian Central Statistical Office (KSH), March’s reading was bolstered by manufacturing output in the transport-equipment and motor-vehicle industries; the manufacturing sector makes up over nine-tenths of the index.

In seasonally- and working-day-adjusted terms, industrial production fell 1.1% month-on-month in April (March: +1.0% month-on-month s.a.). Lastly, annual average growth in industrial production picked up to 4.6% from 4.3% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.8% in 2019, which is up 0.4 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 3.8%.


Author:, Economist

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Hungary Industry April 2019

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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