Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
Industrial Production in Hungary
The Hungarian economy recorded an average industrial production growth rate of 2.7% in the decade to 2024. In 2024, industrial production growth was -4.1%. For more industry information, visit our dedicated page.
Hungary Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Hungary from 2024 to 2022.
Source: Macrobond.
Hungary Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -6.8 | 9.2 | 5.9 | -4.7 | -4.2 |
Decline in industrial activity persists in May
Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a faster rate and electricity, gas, steam and air conditioning production decelerated, mining and quarrying output declined at a slower pace. On a monthly basis, industrial production fell 1.3% in seasonally adjusted terms in May, contrasting April’s 1.5% expansion and marking the worst result since December 2024. Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 4.9% in May, up from April's minus 5.1%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hungarian industry projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Hungarian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hungarian industry projections.
Want to get access to the full dataset of Hungarian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Kazakhstan: Industrial output growth records best reading since February in July -
Japan: Industrial output unexpectedly grows in June Latest reading: Industrial output—which makes up about 30% of Japan’s economy—rose 2.1% in month-on-month seasonally adjusted terms in June, after... -
Euro Area: Industrial activity deteriorates in June Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details... -
South Africa: Manufacturing production flatlines in June Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking... -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
Ireland: Industrial output plummets in June Latest reading: Industrial production fell 11.3% month on month in seasonally adjusted terms in June (May: +11.9% mom s.a.). June’s...