Hungary Industry October 2019

Hungary

Hungary: Industrial production growth eases in October

December 12, 2019

Industrial production grew a working-day-adjusted 6.4% in October, down from September’s 9.0%, according to the Hungarian Central Statistical Office. October’s moderation largely reflected slower production growth in the manufacture of transport equipment and of computer, electronic and optical products.

In seasonally- and working-day-adjusted terms, industrial output fell 0.4% month-on-month in October, contrasting the 3.1% expansion logged in September. Lastly, annual average growth in industrial production rose from 5.8% in September to 6.1% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.7% in 2020, which is unchanged from last month’s projection. For 2021, the panel expects industrial output to grow 3.3%.


Author:, Economist

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Hungary Industry Chart


Hungary Industry October 2019

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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