Industry in Hungary
Hungary - Industry
Industrial output grows at fastest pace since June 2021 in September
According to a second estimate by the Statistical Institute, industrial output rose 11.6% in year-on-year terms in September, which followed August's 9.1% increase. September's result marked the best reading since June 2021. The rise was partly driven by faster growth in manufacturing production. In contrast, mining and quarrying production lost steam.
On a monthly basis, industrial production rose 1.6% in seasonally adjusted terms in September, which was better than August’s 0.5% expansion and marking the best result since February. Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at 5.0% in September, up from August's 3.9%.
FocusEconomics Consensus Forecast panelists project industrial output to increase 3.4% in 2023, which is unchanged from last month’s projection. For 2024, the panel projects industrial output to expand 4.1%.
Hungary - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 7.4 | 0.9 | 4.6 | 3.5 | 5.4 |
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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Hungary: Industrial output grows at fastest pace since June 2021 in September
November 15, 2022
According to a second estimate by the Statistical Institute, industrial output rose 11.6% in year-on-year terms in September, which followed August's 9.1% increase.
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