Industry in Hungary
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
|Industrial Production (annual variation in %)||1.1||7.7||7.4||0.9||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Industry Chart
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.
|Bond Yield||2.67||0.0 %||Jun 20|
|Exchange Rate||286.1||-0.68 %||Jun 20|
|Stock Market||40,775||0.04 %||Jun 20|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 13, 2019
Industrial output increased a working-day-adjusted 6.0% year-on-year in April, down from 8.0% in March.
June 7, 2019
Consumer prices increased 0.7% month-on-month in May, down from 0.9% in April.
May 31, 2019
First-quarter growth clocked in at the fastest pace in nearly two decades, according to Hungary’s Statistical Office on 31 May.
May 29, 2019
On 28 May, the Monetary Council of the Hungarian National Bank (MNB) left the base rate at its current record low of 0.90% and held steady all other existing instruments.
May 27, 2019
The GKI economic sentiment index, a composite indicator, rose for the first time in five months in May, edging up to 4.3 points from 2.9 points in April.