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. Industrial Production in Hungary averaged 4.69 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 3.20 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 2.90 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 2.70 percent in 2020, according to our econometric models.