Hungary's industrial production rose 16.5 percent year-on-year in March 2021, following a 1.9 percent growth in the previous month and beating market expectations of a 13 percent jump, a preliminary estimate showed. All branches of manufacturing contributed to the increase in output, led by a jump in vehicle manufacturing due to a low production base resulting from temporary factory shutdowns in the same period a year earlier. On a monthly basis, industrial production rose 0.4 percent in March. source: Hungarian Central Statistical Office
Industrial Production in Hungary averaged 4.32 percent from 1991 until 2021, 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 May of 2021.
Industrial Production in Hungary is expected to be 7.00 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 3.50 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 3.20 percent in 2022 and 2.50 percent in 2023, according to our econometric models.