Industry in Hungary
Hungary - Industry
First estimate signals growth in industrial production picks up in October
According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 6 December, industrial output increased a working-day adjusted 3.3% year-on-year in October, up from September’s 2.2% yoy rise.
In month-on-month, seasonally and working-day adjusted terms, industrial production rose 2.0%, strongly contrasting a 2.1% contraction in September. Annual average growth in industrial production edged down from September’s 4.3% to 3.9% in October, the weakest reading in over one year.
Hungary Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.1% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects industrial output to expand 4.5%.
Hungary - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.1 | 7.7 | 7.4 | 0.9 | 4.8 |
Hungary Industry Chart
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.21 | 0.0 % | Dec 11 |
| Exchange Rate | 286.0 | -0.68 % | Dec 11 |
| Stock Market | 39,860 | 0.04 % | Dec 11 |
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Economic News
Hungary: Inflation decelerates in November
December 11, 2018
Consumer prices dropped 0.3% over the previous month in November, contrasting October’s 0.5% month-on-month increase.
Hungary: Second estimate raises growth in Q3
December 10, 2018
According to a second estimate released by the Central Statistics Office (KSH) on 5 December, the Hungarian economy continued to grow robustly in the third quarter, boosted by strong consumer spending and skyrocketing fixed investment.
Hungary: First estimate signals growth in industrial production picks up in October
December 10, 2018
According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 6 December, industrial output increased a working-day adjusted 3.3% year-on-year in October, up from September’s 2.2% yoy rise. In month-on-month, seasonally and working-day adjusted terms, industrial production rose 2.0%, strongly contrasting a 2.1% contraction in September.
Hungary: Economic sentiment strengthens further in November
November 26, 2018
The GKI economic sentiment index, a composite indicator, rose to 7.5 points in November from 7.2 points in October.
Hungary: Central Bank keeps rates unchanged in November
November 20, 2018
At its latest monetary policy meeting held on 20 November, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
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