Hungary's industrial output surged 8.7 percent year-on-year in May of 2019, up from a 6.3 percent rise in the previous month and above market expectations of 6.2 percent increase, a preliminary estimate showed. It was the highest gain in industrial activity since May of 2017. The rate of growth accelerated in the largest weight representing manufacture of transport equipment, while the manufacture of computer, electronic and optical products as well as the manufacture of food products, beverages and tobacco rose at a rate below the industrial average. Industrial Production in Hungary averaged 4.70 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 6.30 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 4.80 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 4.70 percent in 2020, according to our econometric models.