Industrial production in Hungary increased 3.6 percent year-on-year in November of 2019, lower than a 6.1 percent rise in October and well below market expectations of a 6.5 percent jump. The majority of manufacturing subsectors contributed to the increase. Growth slackened in manufacture of transport equipment, representing the largest weight, while accelerated in manufacture of computer, electronic and optical products. Manufacture of food products, beverages and tobacco products rose at a rate above the industrial average. On a seasonally adjusted monthly basis, industrial production fell 1 percent. Industrial Production in Hungary averaged 4.71 percent from 1991 until 2019, 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 4.50 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 4.20 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 4.70 percent in 2020, according to our econometric models.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.60 6.10 23.50 -28.99 1991 - 2019 percent Monthly
2010=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 07:00 AM Aug 0.3% 12% 3% 8%
2019-11-08 08:00 AM Sep 11.1% 0.3% 6.2% 2.7%
2019-12-06 08:00 AM Oct 6.1% 11.1% 6.5% 12.8%
2020-01-08 08:00 AM Nov 3.6% 6.1% 6.5% 4.8%
2020-02-06 08:00 AM Dec 3.6% 3.5%


News Stream
2019-12-06
Hungary Industrial Output Rises 6.1%
Industrial production in Hungary increased 6.1 percent year-on-year in October of 2019, below an 11.1 percent rise in September which was the strongest since March of 2017. It compares with market expectations of a 6.5 percent rise. The majority of manufacturing subsections contributed to the increase. The rate of growth slowed significantly in the largest sector, vehicle manufacturing, as well as in computer, electronic and optical products, while manufacture of food products, beverages and tobacco rose at a rate above the industrial average. On a seasonally adjusted monthly basis, industrial production fell 0.4 percent.

2019-10-07
Hungary Industrial Output Growth Slows Sharply
Hungary's industrial output rose 0.3 percent year-on-year in August 2019, slowing markedly from a 12 percent surge in the prior month and missing market expectations of a 3 percent gain, a preliminary estimate showed. Production rose much less in the manufacture of transport equipment and it decreased for food products, beverages and tobacco. In contrast, output slightly accelerated in the manufacture of computer, electronic and optical products. Considering the first eight months of the year, industrial production grew 5.6 percent over a year ago. On a seasonally adjusted monthly basis, industrial activity decreased 1.2 percent, after rising 1.7 percent in the previous month.

2019-09-06
Hungary Industrial Output Growth at Over 2-Year High
Hungary's industrial output surged 12 percent year-on-year in July of 2018, recovering from a 1.4 percent fall in the previous month and beating market expectations of a 4 percent rise, a preliminary estimate showed. It was the highest gain in industrial activity since March of 2017, as the vast majority of manufacturing subsections contributed to the increase. The manufacture of transport equipment representing the largest weight went up significantly, at the same time the manufacture of computer, electronic and optical products, as well as that of food products, beverages and tobacco products grew at a rate below the industrial average.

2019-08-07
Hungary Industrial Output Falls for 1st Time in 9 Months
Hungary's industrial output decreased 1.4 percent year-on-year in June of 2019, down from an upwardly revised 9.1 percent rise in the previous month and missing market expectations of a 5.3 percent gain, a preliminary estimate showed. It was the first fall in industrial activity since September of 2018. The rate of growth slowed in the largest weight representing manufacture of transport equipment, as well as in that of food products, beverages and tobacco products, while the manufacture of computer, electronic and optical products dropped.

2019-07-05
Hungary Industrial Output Growth at 2-Year High
Hungary's industrial output surged 8.7 percent year-on-year in May of 2019, up from a 6.3 percent rise in the previous month and above market expectations of 6.2 percent increase, a preliminary estimate showed. It was the highest gain in industrial activity since May of 2017. The rate of growth accelerated in the largest weight representing manufacture of transport equipment, while the manufacture of computer, electronic and optical products as well as the manufacture of food products, beverages and tobacco rose at a rate below the industrial average.

2019-06-06
Hungary Industrial Ouput Growth Falls Below Forecast
Hungary's industrial output growth eased to 6.3 percent year-on-year in April 2019 from 8 percent in the previous month and below market expectations of 6.7 percent, a preliminary estimate showed. Production growth in car manufacturing, which has the biggest weight overall, slowed, while the production of computers, electronic and optical goods declined. Food, beverages and tobacco output outpaced the industrial average.


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.

Hungary Business Last Previous Highest Lowest Unit
Business Confidence 1.50 7.00 17.30 -37.70 points [+]
Industrial Production 3.60 6.10 23.50 -28.99 percent [+]
Industrial Production Mom -1.00 -0.40 16.60 -13.10 percent [+]
Manufacturing Production 6.10 11.70 34.80 -31.40 percent [+]
New Orders 105.40 100.90 266.90 50.30 points [+]
Changes in Inventories -110544.00 -356875.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 16139.00 14215.00 21340.00 2425.00 [+]
Internet Speed 14814.21 14300.93 14814.21 2884.96 KBps [+]
IP Addresses 2456014.00 2513970.00 2810081.00 1052005.00 IP [+]
Manufacturing Pmi 53.90 53.10 61.20 37.20 points [+]
Mining Production 8.40 9.00 138.30 -50.00 percent [+]
Steel Production 163.00 141.00 272.00 37.00 Thousand Tonnes [+]
Competitiveness Index 65.08 64.31 65.08 4.21 Points [+]
Competitiveness Rank 47.00 48.00 63.00 38.00 [+]
Capacity Utilization 80.20 84.00 87.90 67.80 percent [+]
Ease of Doing Business 52.00 53.00 54.00 40.00 [+]
Electricity Production 3219.00 2685.00 3727.00 1974.00 Gigawatt-hour [+]
Corruption Index 46.00 45.00 55.00 41.20 Points [+]
Corruption Rank 64.00 66.00 66.00 28.00 [+]