Industry in Hungary
Hungary - Industry
Industrial production expands at the fastest pace in 28 months in July
Industrial production jumped a working-day-adjusted 8.7% year-on-year in July, which marked an acceleration from June’s 4.1% upturn and the fastest expansion since March 2017, according to a first estimate released by the Hungarian Central Statistical Office. The latest reading reflected a marked increase in the manufacture of transport equipment, carrying the biggest weight in the manufacturing sector, which makes up over nine-tenths of the index. On the other hand, growth in the manufacture of computer, electronic and optical products, as well as that of food products, beverages and tobacco products softened.
In seasonally- and working-day-adjusted terms, industrial output rebounded from a 1.8% month-on-month contraction in June to a 1.7% rise in July. Lastly, annual average growth in industrial production climbed from 4.9% in June to 5.3% in July.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.0% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 4.0%.
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||2.03||0.0 %||Sep 04|
|Exchange Rate||298.6||-0.68 %||Sep 04|
|Stock Market||39,753||0.04 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 10, 2019
Consumer prices fell 0.1% over the previous month in August, contrasting a 0.2% month-on-month upturn in July.
September 6, 2019
Industrial production jumped a working-day-adjusted 8.7% year-on-year in July, which marked an acceleration from June’s 4.1% upturn and the fastest expansion since March 2017, according to a first estimate released by the Hungarian Central Statistical Office.
August 30, 2019
A second GDP release published by Hungary’s Statistical Office on 30 August confirmed that growth, in annual terms, slid to 4.9% in Q2 from 5.3% in the first quarter.
August 27, 2019
On 27 August, the Monetary Council of the Hungarian National Bank (MNB) held the base rate at a record low of 0.90% and kept steady all other existing instruments.
August 25, 2019
The GKI economic sentiment index, a composite indicator, shot up to 4.0 points in August after falling to 0.6 points in July.