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.

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Hungary Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-10-06 07:00 AM Aug 14.4% 4% 8.2% 3.7%
2022-11-08 08:00 AM Sep 11.3% 14.2% 9% 5.4%
2022-12-07 08:00 AM Oct 11.3% 9.5%


Related Last Previous Unit Reference
Industrial Production Mom 1.60 0.50 percent Sep 2022
Industrial Production 11.30 14.20 percent Sep 2022
Manufacturing Production 11.50 14.90 percent Sep 2022
New Orders 119.70 125.00 points Sep 2022
Changes in Inventories 394886.00 284026.00 HUF Million Jun 2022
Mining Production 1.00 20.90 percent Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
11.30 14.20 58.90 -36.90 1991 - 2022 percent Monthly
2010=100, NSA

News Stream
Hungary Industrial Output Grows More than Expected
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.
2022-11-08
Hungary Industrial Output Growth Beats Forecast
Industrial Production in Hungary expanded by 14.4% year-on-year in August of 2022, beating the market forecast of 8.2% and accelerating from a 4.0% growth in the previous month. It was the largest increase in output since June 2021, with the manufacturing sector making the largest contribution to the production growth as the manufacture of transport equipment, computer, electronic and optical products rose, along with food products, beverages, and tobacco, which went up remarkably. Compared to the previous month, industrial production inched up by 0.1%.
2022-10-06
Hungary Industrial Production Tops Forecasts
Industrial production in Hungary increased 4 percent year-on-year in July of 2022, following a 1.5 percent rise in June and compared to market forecasts of a 2.2 percent gain. Manufacture of transport equipment, computers, electronic and optical products made the biggest contribution and production of food, beverages and tobacco products also increased. Compared to the previous month, industrial output went up 1.1 percent.
2022-09-07