Hungarian Parliament building

Hungary Industry August 2022

Hungary: Industrial output posts quickest growth since July 2021 in August

According to a second estimate by the Statistical Institute, industrial output rose 9.3% compared to the same month of the previous year in August, which was above July’s 6.6% increase. The result marked the best reading since July 2021. August’s rise was partly driven by faster growth in manufacturing output. In addition, mining and quarrying production picked up pace.

On a seasonally adjusted monthly basis, industrial output rose at a more moderate pace of 0.1% in August (July: +1.1% mom). Meanwhile, annual average industrial production growth rose to 3.9% in August (July: +3.2%), signaling an improving trend in the industrial sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest