Hungary's industrial production plummeted 36.8 percent year-on-year in April of 2020, following a 5.6 percent decline in the previous month and more than an expected 21.6 percent slump, a preliminary estimate showed. That was the largest decline in factory activity since available records began in January of 1991, amid pandemic closures which prompted a sharp decline in vehicle output. Also, the production of computers, electronics, optical products as well as the manufacture of food, beverages and tobacco decreased but to a lesser extent. Meanwhile, output grew only for pharmaceuticals On a monthly basis, industrial production tumbled 30.5 percent, after falling 10.4 percent in the previous month. Considering the first four months of the year, industrial production slipped 9.2 percent over a year ago.

Industrial Production in Hungary averaged 4.52 percent from 1991 until 2020, reaching an all time high of 23.50 percent in May of 2000 and a record low of -36.80 percent in April of 2020. This page provides - Hungary Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Industrial Production in Hungary is expected to be -10.00 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 4.20 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 4.60 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-36.80 -5.60 23.50 -36.80 1991 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 08:00 AM Jan 2.4% -1.2% 3.9% 0.5%
2020-04-07 07:00 AM Feb 4.1% 2.4% 0.3% 2.9%
2020-05-07 07:00 AM Mar -5.6% 3.8% -4.5% -1.2%
2020-06-05 07:00 AM Apr -36.8% -5.6% -21.6% -17%
2020-07-07 07:00 AM May -36.8%
2020-08-06 07:00 AM Jun -10%
2020-09-04 07:00 AM Jul
2020-10-06 07:00 AM Aug


News Stream
Hungary Industrial Output Falls the Most on Record
Hungary's industrial production plummeted 36.8 percent year-on-year in April of 2020, following a 5.6 percent decline in the previous month and more than an expected 21.6 percent slump, a preliminary estimate showed. That was the largest decline in factory activity since available records began in January of 1991, amid pandemic closures which prompted a sharp decline in vehicle output. Also, the production of computers, electronics, optical products as well as the manufacture of food, beverages and tobacco decreased but to a lesser extent. Meanwhile, output grew only for pharmaceuticals On a monthly basis, industrial production tumbled 30.5 percent, after falling 10.4 percent in the previous month. Considering the first four months of the year, industrial production slipped 9.2 percent over a year ago.
2020-06-05
Hungary Industrial Output Falls the Most in 7 Years
Hungary's industrial production slumped 5.6 percent from a year earlier in March 2020, following a downwardly revised 3.8 percent growth in the previous month and compared to market expectations of a 4.5 percent contraction, a preliminary estimate showed. That was the largest decline in output since February 2013 amid the coronavirus pandemic, as a fall in car manufacturing and other segments of industry offset an increase in the production of food, beverage and tobacco products. On a monthly basis, industrial output plummeted 10.4 percent.
2020-05-07
Hungary Industrial Output Rises More than Forecast
Hungary's industrial production increased by 4.1 percent from a year earlier in February 2020, following a 2.4 percent growth in the previous month and easily beating market consensus of 0.3 percent, a preliminary estimate showed. Computers, electronics and food production expanded firmly, while car output advanced at a softer pace. On a seasonally adjusted monthly basis, industrial production rose 0.2 percent after a 4.6 percent jump in January.
2020-04-07
Hungary Industrial Output Bounces Back in January
Hungary's industrial production rose 2.4 percent from a year earlier in January of 2020, recovering modestly from a 1.2 percent fall in the previous month but missing market expectations of a 3.9 percent growth, according to preliminary estimates. The production of the most heavily weighted vehicles recovered significantly while output growth accelerated for computer, electronic, optical products and food, beverages, and tobacco. On a seasonally adjusted monthly basis, industrial production advanced 4.6 percent, after a downwardly revised 3.7 percent plunge in the previous month.
2020-03-06

Hungary Industrial Production
In Hungary, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.