Industrial Production in Hungary decreased 2.10 percent in August of 2020 over the same month in the previous year.

Industrial Production in Hungary averaged 4.34 percent from 1991 until 2020, reaching an all time high of 23.50 percent in May of 2000 and a record low of -36.90 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 October of 2020.

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 7.20 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 6.10 percent in 2021 and 3.20 percent in 2022, according to our econometric models.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -8.10 23.50 -36.90 1991 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 07:00 AM May -30.7% -36.8% -24.4% -21%
2020-08-06 07:00 AM Jun -7.8% -30.9% -11% -10%
2020-09-04 07:00 AM Jul -8.1% -7.8% -10% -3.3%
2020-10-06 07:00 AM Aug -2.1% -8.1% -3.3% -5%
2020-11-06 08:00 AM Sep -2.1% -7.3%
2020-12-04 08:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Hungary Industrial Output Falls for 5th Month
Hungary's industrial production shrank 8.1 percent from a year earlier in July of 2020, following a 7.8 percent decline in June but less than an estimated 10 percent plunge, a preliminary estimate showed. It was the fifth consecutive month of downturn in industrial activity, as the Covid-19 crisis continued to weigh. The declines in the all-important automotive sector and food products, beverages & tobacco offset growth recorded in the manufacture of computer, electronic & optical products. On a seasonally adjusted monthly basis, industrial production rose 7.2 percent, slowing from an upwardly revised 17.2 percent jump in the previous month. Year-to-date, industrial output decreased 12.1 percent over a year ago.
2020-09-04
Hungary Industrial Output Shrinks the Least in 3 Months
Hungary's industrial production fell 7.8 percent from a year earlier in June of 2020, following an upwardly revised 30.9 percent tumble in May and compared with market expectations of an 11 percent slump, a preliminary estimate showed. It was the softest decline in industrial activity in three months, as the state of emergency put in place in March to fight the coronavirus pandemic was lifted during the month. The decline in the all-important automotive sector outweighed slight increases logged in the manufacture of computer, electronic & optical products and food products, beverages & tobacco products. On a monthly basis, industrial production grew 17.1 percent, after an upwardly revised 16.1 percent rise in the prior month. Year-to-date, industrial output decreased 12.8 percent over a year ago.
2020-08-06
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 Production
In Hungary, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.