Hungarian Parliament building

Hungary Industry June 2018

Hungary: Second estimate confirms industrial output growth moderated in June

According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 August, industrial output rose a working-day adjusted 3.1% year-on-year in June. The print confirmed the preliminary estimate and came in below the 3.8% increase in May. June’s expansion came on the back of healthy growth in the manufacturing sector and a jump in production in the mining sector; the energy sector, however, continued to contract notably. In the manufacturing sector, which makes up over 90% of the index, the strongest increases were recorded in the manufacturing of computer, electronic and optical products; and of rubber and plastics products, and other non-metallic mineral products. In terms of sources of demand, domestic sales rose at a much stronger pace than export sales.

In month-on-month, seasonally- and working-day adjusted terms, industrial production dropped 1.2%, contrasting a 1.8% increase in May.

Annual average growth in industrial production, meanwhile, moderated further from May’s 4.7% to 4.5% in June.

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