Hungary Industry March 2017

Hungary

Hungary: Industrial output surges in March

May 5, 2017

According to preliminary data released by the Statistical Institute (KSH) on 5 May, industrial output in March rose a working-day adjusted 9.4%, which followed the already-strong 7.1% expansion observed in February and marked the best print since October 2015.

On a monthly basis, industrial production slowed from a revised seasonally- and working-day adjusted 3.1% expansion in February to a soft 0.4% increase in March. Meanwhile, annual average growth in industrial production jumped from 1.2% in February to 2.3% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.5% in 2017, which is down 0.3 percentage points from last month’s projection. For 2018, the panel expects industrial output to expand 4.7%.


Author: Jean-Philippe Pourcelot, Economist

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Hungary Industry Chart


Hungary Industry March 2017

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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