Hungary's industrial production shrank by 3.4 percent from a year earlier in October of 2021, after a 2.3 percent decline in the prior month and compared with market estimates of a 1 percent fall, a preliminary estimate showed. It was the second consecutive month of contraction in industrial activity, dragged by the car sector amid a global chip shortage. Output also fell in computers, electronics and optical goods, while production of food, beverage and tobacco expanded. On a seasonally adjusted monthly basis, industrial production went up 0.3 percent, following a 0.3 percent drop in the preceding month. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.58 percent from 1991 until 2021, reaching an all time high of 58.80 percent in April of 2021 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 December of 2021.

Industrial Production in Hungary is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-11-05 08:00 AM Sep -2.3% 2.5% 0% 1.1%
2021-12-07 08:00 AM Oct -3.4% -2.3% -1% -3.2%
2022-01-07 08:00 AM Nov -3.4%


Related Last Previous Unit Reference
Industrial Production -3.40 -2.30 percent Oct/21
Industrial Production Mom -0.30 -2.70 percent Aug/21
Manufacturing Production 1.70 -7.20 percent Feb/21
New Orders 93.20 87.50 points Sep/21
Changes in Inventories 508048.00 9751.00 HUF Million Sep/21
Mining Production -35.90 -24.80 percent Feb/21

News Stream
Hungary Industrial Output Falls More than Expected
Hungary's industrial production shrank by 3.4 percent from a year earlier in October of 2021, after a 2.3 percent decline in the prior month and compared with market estimates of a 1 percent fall, a preliminary estimate showed. It was the second consecutive month of contraction in industrial activity, dragged by the car sector amid a global chip shortage. Output also fell in computers, electronics and optical goods, while production of food, beverage and tobacco expanded. On a seasonally adjusted monthly basis, industrial production went up 0.3 percent, following a 0.3 percent drop in the preceding month.
2021-12-07
Hungary Industrial Output Growth Slows to 6-Month Low
Hungary's industrial production grew by 2.6 percent from a year earlier in August of 2021, down from an 8 percent rise in the prior month and missing market expectations of a 4.8 percent gain, a preliminary estimate showed. It was the slowest increase in industrial activity since February, mainly due to a significant contraction in the car sector due to factory shutdowns amid the ongoing global shortage in semiconductors. Output also decreased in the manufacture of computer, electronic and optical products, while it rose in the manufacture of food products. On a monthly basis, industrial production fell 2.7 percent.
2021-10-06
Hungary Industrial Output Growth Below Forecasts
Hungary's industrial production growth slowed to 8.0 percent year-on-year in July 2021, from 22 percent in the previous month and below market expectations of 10.6 percent, a preliminary estimate showed. The majority of the manufacturing subsections contributed to the growth, but production of transport equipment, which represents the largest weight, declined mainly due to factory shutdowns, as well as one-shift work schedule. Production also decreased for computer, electronic and optical products, while food products output rose slightly.
2021-09-07

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.