Latest reading: Industrial production rose 2.5% on a calendar-adjusted year-on-year basis in May, following a 1.5% rise in the previous...
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 2014 to 2025.
Source: Macrobond.
Hungary Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 9.2 | 5.9 | -4.7 | -4.1 | -3.5 |
Industrial production gains steam in May
Latest reading: Industrial production rose 5.5% in annual terms in May, following a 1.3% increase in the prior month. May's reading was the strongest since December 2022. Relative to the prior month's data, the reading for manufacturing improved in May (+5.8% on a year-on-year basis vs +0.9% in April). In contrast, readings softened for mining and quarrying (+55.7% vs +72.5% in April) and electricity, gas, steam and air conditioning (-8.9% vs -0.3% in April). In seasonally adjusted month-on-month terms, industrial production was up 2.3% in May, following a 1.0% decline in the previous month.
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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Cyprus: Industrial production accelerates in May -
Euro Area: Industrial production shrinks in May Latest reading: Industrial production fell 0.2% on a seasonally adjusted month-on-month basis in May, following a 0.3% increase in the... -
Hungary: Industrial production gains steam in May Latest reading: Industrial production rose 5.5% in annual terms in May, following a 1.3% increase in the prior month. May’s... -
Japan: Industrial production steadies in May Latest reading: Industrial production was up 0.5% on a seasonally adjusted month-on-month basis in May, stable from the prior month’s... -
Italy: Industrial production shrinks in May Latest reading: Industrial production declined 0.3% in seasonally adjusted month-on-month terms in May, following 0.4% growth in the prior month.... -
Greece: Industrial production returns to growth in May Latest reading: Industrial production increased 1.9% in seasonally adjusted month-on-month terms in May, following a 3.2% decline in the previous... -
Bulgaria: Industrial production shrinks more quickly in May Latest reading: Industrial production was down 6.0% on a year-on-year basis in May, following a 4.1% decline in the prior...