Hungarian Parliament building

Hungary Industry March 2018

Hungary: Industrial output slows in March on the back of soft manufacturing

According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 14 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase recorded in February.

March’s softer output was driven by moderations in the manufacturing and mining sectors. The manufacturing sub-index, which makes up 95% of the weight of the overall year-on-year figure, softened to 1.1% growth in March (February: +3.7% year-on-year) on weaker manufacturing of vehicles. Production in the mining sector also eased in March, moderating from 69.8% in February to a still elevated 56.1%. Output of electricity, gas, steam and air conditioning picked up in March, however, to 6.4% growth (February: +2.9% yoy), mainly due to colder weather.

In month-on-month seasonally- and working-day adjusted terms, industrial production fell 0.7% in March, contrasting the revised 0.6% increase recorded in February (previously reported: +0.5% month-on-month).

Annual average growth in industrial production moderated from 5.7% in February to 5.0% in March.

Hungary Industrial Production Forecast

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