Hungary Industry November 2017

Hungary

Hungary: Industrial output growth slows in November

January 8, 2018

According to preliminary data released by the Statistical Institute (KSH), industrial output rose a working-day adjusted 3.4% year-on-year in November, coming in below the 7.6% increase observed in October.

In month-on-month seasonally- and working-day adjusted terms, industrial production swung to a 2.1% contraction in November, after rising 1.2% in October.

Lastly, annual average growth in industrial production jumped from 5.1% in October to 5.3%.

Hungary Industrial Production Forecast


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 November 2017 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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