Industrial production in Hungary expanded by 11.3 percent year-on-year in September of 2022, easing from a downwardly revised 14.2 percent expansion in the prior month but well above expectations of a 9 percent growth. It was the second sharpest increase since June 2021 with a significant contribution from the manufacturing sector, mainly due to the production of transport equipment and computer, electrical, and optical products. In the meantime, the manufacturing of food products grew at a slower pace. Compared to the previous month, industrial output grew at 1.6 percent. source: Hungarian Central Statistical Office
Industrial Production in Hungary averaged 4.63 percent from 1991 until 2022, reaching an all time high of 58.90 percent in April of 2021 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 November of 2022.
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. In the long-term, the Hungary Industrial Production is projected to trend around 2.50 percent in 2023, according to our econometric models.