Hungary Industry February 2019

Hungary

Hungary: Industrial output growth ticks up in February

April 15, 2019

Industrial output increased a working-day-adjusted 5.9% year-on-year in February, outpacing a 5.0% increase in January. According to the Hungarian Central Statistical Office (KSH), February’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 sped up to 1.0% from 0.6% in January.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.1% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 4.0%.


Author:, Economist

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