Hungary's industrial production increased 5.4 percent from a year earlier in December 2018, following a 4 percent growth in the previous month and easily beating market expectations of 2.9 percent, a preliminary estimate showed. Growth was driven by the manufacturing sector, including cars, computers, electronic and optical goods. In 2018 as a whole, output was 3.6 percent higher than in 2017. Industrial Production in Hungary averaged 4.67 percent from 1991 until 2018, reaching an all time high of 23.50 percent in May of 2000 and a record low of -28.99 percent in February of 2009.
Industrial Production in Hungary is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hungary to stand at 3.60 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 2.10 percent in 2020, according to our econometric models.