Hungary Industry June 2018

Hungary

Hungary: Industrial production growth loses steam in June

August 7, 2018

According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 7 August, industrial output rose a working-day adjusted 3.1% year-on-year in June, below the 3.8% increase recorded in May.

In month-on-month seasonally- and working-day adjusted terms, industrial production contracted 1.2% in June, strongly contrasting the 1.8% rise recorded in May.

Meanwhile, annual average growth in industrial production declined from 4.8% in May to 4.4% in June.

A second estimate will be released on 13 August.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.8% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, the panel sees industrial output expanding 5.3%.


Author: Massimo Bassetti, Economist

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Hungary Industry June 2018

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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