Industry in Hungary
Hungary - Industry
Industrial production growth eases again in November
Industrial production rose a working-day-adjusted 5.7% year-on-year in November (October: +6.4% year-on-year), according to a second estimate by the Hungarian Central Statistical Office. November’s moderation largely reflected a slowdown in the manufacture of transport equipment compared to the previous month.
In seasonally- and working-day-adjusted terms, industrial output decreased 1.0% month-on-month in November, following October’s 0.4% contraction. Lastly, annual average growth in industrial production rose from 6.1% in October to 6.3% in November.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.6% in 2020, which is down 0.1 percentage points from last month’s projection. For 2021, the panel expects industrial output to grow 3.2%.
Hungary - Industry Data
|Industrial Production (annual variation in %)||1.1||7.7||7.4||0.9||4.6|
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||2.08||0.0 %||Dec 31|
|Exchange Rate||295.1||-0.68 %||Jan 01|
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January 14, 2020
Industrial production rose a working-day-adjusted 5.7% year-on-year in November (October: +6.4% year-on-year), according to a second estimate by the Hungarian Central Statistical Office.
January 14, 2020
Consumer prices increased 0.3% over the previous month in December, after rising 0.1% month-on-month in November.
January 8, 2020
Industrial production grew a working-day-adjusted 5.7% year-on-year in November, down from October’s 6.4%, according to a first estimate by the Hungarian Central Statistical Office.
December 20, 2019
The GKI economic sentiment index, a composite indicator, plunged from 2.8 in November to minus 1.1 in December, marking the worst reading in over three years.
December 17, 2019
On 17 December, the Monetary Council of the Hungarian National Bank (MNB) kept the base rate unchanged at a historical low of 0.90% and held all other existing instruments steady.