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
| 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 | 2.67 | 0.0 % | Jun 20 |
| Exchange Rate | 286.1 | -0.68 % | Jun 20 |
| Stock Market | 40,775 | 0.04 % | Jun 20 |
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Economic News
Hungary: Industrial output growth moderates in April
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Industrial output increased a working-day-adjusted 6.0% year-on-year in April, down from 8.0% in March.
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