Hungary Industry August 2021

Hungary

Hungary: Industrial output records slowest growth since January in August

October 7, 2021

Industrial output expanded 0.6% year-on-year in August (July: +10.2% yoy), according to a first estimate. August's outturn marked the worst reading since January.

On a monthly basis, industrial production fell 2.7% in seasonally-adjusted terms in August, which was softer than July’s 0.5% fall. Meanwhile, annual average growth of industrial production was unchanged coming in at July's 12.6% in August.

FocusEconomics Consensus Forecast panelists project industrial output to increase 11.9% in 2021, which is down 0.4 percentage points from last month’s projection. For 2022, the panel projects industrial output to expand 6.1%, which is down 0.1 percentage points from last month’s projection.


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