Latest reading: Industrial production increased 0.1% on a year-on-year basis in July, following a 8.2% increase in the prior month....
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 slows in June
Latest reading: Industrial production was up 4.7% on a year-on-year basis in June, following a 5.5% increase in the previous month. Relative to the previous month's figures, the reading for manufacturing softened in June (+4.5% in annual terms vs +5.7% in May). In contrast, readings picked up for mining and quarrying (+57.7% vs +51.5% in May) and electricity, gas, steam and air conditioning (+0.8% vs -8.5% in May). In seasonally adjusted month-on-month terms, industrial production declined 1.3% in June, following 2.6% growth 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
-
Kazakhstan: Industrial production decelerates in July -
Hungary: Industrial production slows in June Latest reading: Industrial production was up 4.7% on a year-on-year basis in June, following a 5.5% increase in the previous... -
Euro Area: Industrial production stagnates in June Latest reading: Industrial production stagnated in seasonally adjusted month-on-month terms in June, following a 0.3% increase in the previous month.... -
Romania: Industrial production shrinks more slowly in June Latest reading: Industrial production was down 0.6% on a working-day and seasonally adjusted month-on-month basis in June, following a 2.8%... -
Cyprus: Industrial production falls in June Latest reading: Industrial production was down 0.9% on a calendar-adjusted year-on-year basis in June, following 1.6% growth in the previous... -
Ireland: Industrial production rebounds in June Latest reading: Industrial production rose 2.0% on a seasonally adjusted month-on-month basis in June, following a flat reading in the... -
Turkey: Industrial production rebounds in June Latest reading: Industrial production rose 0.2% on a seasonally adjusted month-on-month basis in June, following a 3.1% fall in the...