Hungary Industry March 2019


Hungary: Industrial output growth picks up in March

May 8, 2019

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

In month-on-month, seasonally- and working-day-adjusted terms, industrial production growth was stable from February at 1.0%. Lastly, annual average growth in industrial production jumped to 4.4% from 3.9% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.4% in 2019, which is up 0.3 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 3.7%.

Author:, Economist

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Hungary Industry Chart

Hungary Industry March 2019 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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