Hungary Industry April 2017

Hungary

Hungary: Industrial output growth slows in April

June 14, 2017

According to revised data released by the Statistical Institute (KSH) on 14 June, industrial output in April rose a working-day adjusted 2.5%, which marks a considerable slowdown from March’s 10.0% expansion. The dominant manufacturing sector saw a decline in production, while mining and quarrying, and the energy sector saw a rise.

On a monthly basis, industrial production swung from a seasonally- and working-day adjusted 0.7% expansion in March to a 0.8% contraction in April. Meanwhile, annual average growth in industrial production inched down from 2.3% in March to 2.1% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.9% in 2017, which is up 0.6 percentage points from last month’s projection. For 2018, the panel expects industrial output to expand 4.9%.


Author:, Economist

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Hungary Industry April 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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