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.