Industry in Hungary

Hungary Industry | Economic News & Forecasts

Hungary - Industry

Industrial output growth moderates in April

Industrial output increased a working-day-adjusted 6.0% year-on-year in April, down from 8.0% in March. According to the Hungarian Central Statistical Office (KSH), March’s reading was bolstered by manufacturing output in the transport-equipment and motor-vehicle industries; the manufacturing sector makes up over nine-tenths of the index.

In seasonally- and working-day-adjusted terms, industrial production fell 1.1% month-on-month in April (March: +1.0% month-on-month s.a.). Lastly, annual average growth in industrial production picked up to 4.6% from 4.3% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.8% in 2019, which is up 0.4 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 3.8%.

Hungary - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.1  7.7  7.4  0.9  4.8  

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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 Yield2.670.0 %Jun 20
Exchange Rate286.1-0.68 %Jun 20
Stock Market40,7750.04 %Jun 20

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