Hungary Industry November 2019


Hungary: Industrial production growth eases again in November

January 14, 2020

Industrial production rose a working-day-adjusted 5.7% year-on-year in November (October: +6.4% year-on-year), according to a second estimate by the Hungarian Central Statistical Office. November’s moderation largely reflected a slowdown in the manufacture of transport equipment compared to the previous month.

In seasonally- and working-day-adjusted terms, industrial output decreased 1.0% month-on-month in November, following October’s 0.4% contraction. Lastly, annual average growth in industrial production rose from 6.1% in October to 6.3% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.6% in 2020, which is down 0.1 percentage points from last month’s projection. For 2021, the panel expects industrial output to grow 3.2%.

Author:, Economist

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Hungary Industry Chart

Hungary Industry November 2019 0

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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