Industry in Hungary

Hungary Industry | Economic News & Forecasts

Hungary - Industry

Second estimate confirms industrial output growth moderated in June

According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 August, industrial output rose a working-day adjusted 3.1% year-on-year in June. The print confirmed the preliminary estimate and came in below the 3.8% increase in May. June’s expansion came on the back of healthy growth in the manufacturing sector and a jump in production in the mining sector; the energy sector, however, continued to contract notably. In the manufacturing sector, which makes up over 90% of the index, the strongest increases were recorded in the manufacturing of computer, electronic and optical products; and of rubber and plastics products, and other non-metallic mineral products. In terms of sources of demand, domestic sales rose at a much stronger pace than export sales.

In month-on-month, seasonally- and working-day adjusted terms, industrial production dropped 1.2%, contrasting a 1.8% increase in May.

Annual average growth in industrial production, meanwhile, moderated further from May’s 4.7% to 4.5% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.5% in 2018, which is down 0.3 percentage points from last month’s projection. For 2019, the panel expects industrial output to expand 4.5%.

Hungary - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.1  7.7  7.4  0.9  4.8  

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Hungary Industry Chart

Hungary Industry
Note: Annual variation of industrial production in %.
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.

Hungary Facts

Bond Yield3.530.0 %Aug 15
Exchange Rate285.9-0.68 %Aug 15
Stock Market35,8260.04 %Aug 15

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