Industry in Hungary

Hungary Industry | Economic News & Forecasts

Hungary - Industry

Industrial production expands at the fastest pace in 28 months in July

Industrial production jumped a working-day-adjusted 8.7% year-on-year in July, which marked an acceleration from June’s 4.1% upturn and the fastest expansion since March 2017, according to a first estimate released by the Hungarian Central Statistical Office. The latest reading reflected a marked increase in the manufacture of transport equipment, carrying the biggest weight in the manufacturing sector, which makes up over nine-tenths of the index. On the other hand, growth in the manufacture of computer, electronic and optical products, as well as that of food products, beverages and tobacco products softened.

In seasonally- and working-day-adjusted terms, industrial output rebounded from a 1.8% month-on-month contraction in June to a 1.7% rise in July. Lastly, annual average growth in industrial production climbed from 4.9% in June to 5.3% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.0% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 4.0%.

Hungary - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.1  7.7  7.4  0.9  4.6  

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Hungary Industry Chart

Hungary Industry
Note: Annual variation of industrial production in %.
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.

Hungary Facts

Bond Yield2.030.0 %Sep 04
Exchange Rate298.6-0.68 %Sep 04
Stock Market39,7530.04 %Sep 04

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