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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.1 | 7.7 | 7.4 | 0.9 | 4.6 |
Hungary Industry Chart
Source: Hungarian Central Statistical Office (KSH) and FocusEconomics calculations.
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
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Economic News
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Hungary: Industrial production growth eases again in November
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.
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Hungary: Inflation jumps to seven-year high in December
January 14, 2020
Consumer prices increased 0.3% over the previous month in December, after rising 0.1% month-on-month in November.
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Hungary: Industrial production growth moderates again 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.
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Hungary: Economic sentiment hits over three-year low
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.
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Hungary: MNB stays put in December meeting
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.
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