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. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.32 percent from 1991 until 2020, 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 January of 2021.

Industrial Production in Hungary is expected to be 6.20 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 6.10 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 3.20 percent in 2022, according to our econometric models.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.50 0.60 23.50 -36.90 1991 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-06 07:00 AM Aug -2.1% -8.1% -3.3% -5%
2020-11-06 08:00 AM Sep 2.2% -2% -2% -2.5%
2020-12-04 08:00 AM Oct 0.6% 2.2% 1% 0.9%
2021-01-08 08:00 AM Nov 3.5% 0.6% 3.3% 0.2%
2021-02-05 08:00 AM Dec 3.5%
2021-03-05 08:00 AM Jan
2021-04-08 07:00 AM Feb
2021-05-06 07:00 AM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Rises for 1st Time since February
Industrial production in Hungary increased 2.2 percent year-on-year in September of 2020, following a downwardly revised 2 percent drop in August and beating market forecasts of 2 percent fall. It is the first increase in industrial output since February, before the coronavirus crisis, boosted by manufacture of transport equipment, computer, electronic and optical products and food products, beverages and tobacco. Ona monthly basis, industrial production grew 2.3 percent.
2020-11-06
Hungary Industrial Output Falls for 5th Month
Hungary's industrial production shrank 8.1 percent from a year earlier in July of 2020, following a 7.8 percent decline in June but less than an estimated 10 percent plunge, a preliminary estimate showed. It was the fifth consecutive month of downturn in industrial activity, as the Covid-19 crisis continued to weigh. The declines in the all-important automotive sector and food products, beverages & tobacco offset growth recorded in the manufacture of computer, electronic & optical products. On a seasonally adjusted monthly basis, industrial production rose 7.2 percent, slowing from an upwardly revised 17.2 percent jump in the previous month. Year-to-date, industrial output decreased 12.1 percent over a year ago.
2020-09-04

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.