Hungary's industrial production slumped 5.6 percent from a year earlier in March 2020, following a downwardly revised 3.8 percent growth in the previous month and compared to market expectations of a 4.5 percent contraction, a preliminary estimate showed. That was the largest decline in output since February 2013 amid the coronavirus pandemic, as a fall in car manufacturing and other segments of industry offset an increase in the production of food, beverage and tobacco products. On a monthly basis, industrial output plummeted 10.4 percent.

Industrial Production in Hungary averaged 4.65 percent from 1991 until 2020, 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. 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 2020.

Industrial Production in Hungary is expected to be -10.00 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 4.20 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 4.60 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Hungary Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-5.60 3.80 23.50 -28.99 1991 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 08:00 AM Dec -1.2% 3.4% 3.9% 3.5%
2020-03-06 08:00 AM Jan 2.4% -1.2% 3.9% 0.5%
2020-04-07 07:00 AM Feb 4.1% 2.4% 0.3% 2.9%
2020-05-07 07:00 AM Mar -5.6% 3.8% -4.5% -1.2%
2020-06-05 07:00 AM Apr -5.6% -17%
2020-07-07 07:00 AM May
2020-08-06 07:00 AM Jun -10%
2020-09-04 07:00 AM Jul


News Stream
Hungary Industrial Output Falls the Most in 7 Years
Hungary's industrial production slumped 5.6 percent from a year earlier in March 2020, following a downwardly revised 3.8 percent growth in the previous month and compared to market expectations of a 4.5 percent contraction, a preliminary estimate showed. That was the largest decline in output since February 2013 amid the coronavirus pandemic, as a fall in car manufacturing and other segments of industry offset an increase in the production of food, beverage and tobacco products. On a monthly basis, industrial output plummeted 10.4 percent.
2020-05-07
Hungary Industrial Output Rises More than Forecast
Hungary's industrial production increased by 4.1 percent from a year earlier in February 2020, following a 2.4 percent growth in the previous month and easily beating market consensus of 0.3 percent, a preliminary estimate showed. Computers, electronics and food production expanded firmly, while car output advanced at a softer pace. On a seasonally adjusted monthly basis, industrial production rose 0.2 percent after a 4.6 percent jump in January.
2020-04-07
Hungary Industrial Output Bounces Back in January
Hungary's industrial production rose 2.4 percent from a year earlier in January of 2020, recovering modestly from a 1.2 percent fall in the previous month but missing market expectations of a 3.9 percent growth, according to preliminary estimates. The production of the most heavily weighted vehicles recovered significantly while output growth accelerated for computer, electronic, optical products and food, beverages, and tobacco. On a seasonally adjusted monthly basis, industrial production advanced 4.6 percent, after a downwardly revised 3.7 percent plunge in the previous month.
2020-03-06
Hungary Industrial Output Unexpectedly Falls
Hungary's industrial production dropped 1.2 percent from a year earlier in December 2019, following a downwardly revised 3.4 percent increase in the previous month and missing market expectations of 3.9 percent growth, a preliminary estimate showed. Car output fell significantly, while computers, electronic and optical goods production rose at a slower pace. On the other hand, output in the food and beverages sector and the tobacco industry continued to increase a solid rate. On a seasonally adjusted monthly basis, production plunged 3.8 percent, the third successive month of decrease. Considering 2019 full year, industrial output increased 5.4 percent, picking up from a 3.5 percent growth in 2018.
2020-02-06

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.