Hungary Industry November 2019


Hungary: Industrial production growth moderates again in November

January 8, 2020

Industrial production grew a working-day-adjusted 5.7% year-on-year in November, down from October’s 6.4%, according to a first estimate by the Hungarian Central Statistical Office. November’s easing largely reflected waning production in the manufacture of transport equipment.

In seasonally- and working-day-adjusted terms, industrial output decreased 1.0% month-on-month in November, following the 0.4% contraction logged in October. 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 3.7% 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 November 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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