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.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
16.50 1.90 23.50 -36.90 1991 - 2021 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 08:00 AM Dec 5.8% 3.4% 2%
2021-03-05 08:00 AM Jan -6.7% 5.8% -4% 2%
2021-04-08 07:00 AM Feb 1.9% -6.7% 0.7% 0.3%
2021-05-06 07:00 AM Mar 16.5% 1.9% 13% 3.8%
2021-06-08 07:00 AM Apr 16.5% 20.5%
2021-07-07 07:00 AM May 16.2%
2021-08-06 07:00 AM Jun 7%
2021-09-07 07:00 AM Jul


News Stream
Hungary Industrial Output Rises More than Expected
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.
2021-05-06
Hungary Industrial Production Falls More than Forecast
Hungary's industrial production tumbled 6.7 percent from a year earlier in January 2021, the largest decline since July last year and compared with market expectations of a 4.0 percent drop, a preliminary estimate showed. Most branches of manufacturing contributed to the fall in output, including the car sector, and the food industry. On the other hand, output rose in computers, electronics and optical goods manufacturing. On a seasonally adjusted monthly basis, industrial production grew 0.2 percent.
2021-03-05
Hungary Industrial Output Grows More than Expected
Industrial production in Hungary rose 3.5 percent year-on-year in November of 2020, up from a 0.6 percent increase in the previous month and beating market expectations of a 3.3 percent growth, a preliminary estimate showed. It was the strongest increase in industrial activity since last February, before the pandemic crisis. Output expanded in major branches of manufacturing, including the car sector, computers, electronics and optical goods manufacturing. Meanwhile, food production fell. On a monthly basis, industrial production fell 1.2 percent, reversing a 2.8 percent rise in the previous month. Year-to-date, industrial activity shrank 7 percent compared to the same period of 2019.
2021-01-08
Hungary Industrial Output Grows Less than Expected
Industrial production in Hungary increased 0.6 percent year-on-year in October of 2020, following a 2.2 percent rise in the prior month and missing market expectations of a 1 percent gain, a preliminary estimate showed. Cars, computers, electronics and optical goods output expanded, while food production fell. On a monthly basis, industrial production advanced 2.8 percent, up from a 2.3 percent increase in the prior month. In the first ten months of the year, industrial activity shrank 8.2 percent compared to the same period of 2019.
2020-12-04

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.