Hungary's industrial production increased 5.9 percent from a year earlier in February 2019, following a 4.4 percent growth in the previous month and beating market consensus of 5.1 percent, a preliminary estimate showed. Car manufacturing output growth accelerated, as well as the production of computers, electronic and optical goods. On a seasonally adjusted monthly basis, industrial output rose 1 percent in February, after a 0.6 percent gain in January. Industrial Production in Hungary averaged 4.67 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.