Industry in Hungary
Hungary - Industry
Industrial output growth eases in March
According to a second estimate by the Statistical Institute, industrial output grew 4.2% in year-on-year terms in March, which followed February's 4.8% increase. The slowdown was largely driven by a deterioration in manufacturing output growth. In addition, mining and quarrying output decelerated.
On a seasonally-adjusted monthly basis, factory output fell 0.1% in March (February: +1.9% mom), the worst result since August 2021. Meanwhile, annual average industrial production growth fell to 12.2% in March (February: +13.2%). This signals a worsening trend in the industrial sector.
FocusEconomics Consensus Forecast panelists project industrial output to increase 6.1% in 2022, which unchanged from last month’s projection. For 2023, the panel projects industrial output to expand 4.2%.
Hungary - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 7.4 | 0.9 | 4.6 | 3.5 | 5.4 |
Hungary Industry Chart
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
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Economic News
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Hungary: Industrial output growth eases in March
May 18, 2022
According to a second estimate by the Statistical Institute, industrial output grew 4.2% in year-on-year terms in March, which followed February's 4.8% increase.
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Hungary: Industrial output growth slides to 10-month low in February
April 14, 2022
According to the Statistical Institute, industrial output rose 4.5% compared to the same month a year earlier in February, which was a deterioration from January's 7.1% increase.
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