Hungarian Parliament building

Hungary Industry July 2020

Hungary: Second estimate confirms decline in industrial activity softened in July

According to a second estimate by the Statistical Institute, industrial output declined 7.7% in year-on-year, working-day adjusted terms in July, which was markedly softer than June’s 12.2% dive and matched the first estimate.

The softer drop was mainly driven by a weaker contraction in manufacturing production, although it still continued to shrink at a marked pace.

On a seasonally-adjusted monthly basis, factory output rose at a softer rate of 7.2% in July (June: +17.2% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.7%, down from June’s minus 4.3% and the worst reading in over 10 years.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest