Industrial production in Hungary jumped 58.8 percent year-on-year in April of 2021, the biggest growth on record, due to low base effects from last year when the coronavirus pandemic hit the economy hard. In April of 2020, industrial output fell at a record 36.9 percent. Almost all manufacturing subsections contributed to the annual growth in April. The manufacture of transport equipment representing the largest weight increased outstandingly, mainly due to the low base level last year when factories shutdown. The manufacture of computer, electronic and optical products and the manufacture of food products, beverages and tobacco rose at a rate below the industrial average. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.47 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 June of 2021.

Industrial Production in Hungary is expected to be 7.00 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 3.50 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
58.80 16.50 58.80 -36.90 1991 - 2021 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 08:00 AM Jan -6.7% 5.8% -4% 2%
2021-04-08 07:00 AM Feb 1.9% -6.7% 0.7% 0.3%
2021-05-06 07:00 AM Mar 16.5% 1.9% 13% 3.8%
2021-06-08 07:00 AM Apr 58.8% 16.5% 68% 65%
2021-07-07 07:00 AM May 58.8% 16.2%
2021-08-06 07:00 AM Jun 7%
2021-09-07 07:00 AM Jul
2021-10-06 07:00 AM Aug


News Stream
Hungary Industrial Production Rises at Record Pace
Industrial production in Hungary jumped 58.8 percent year-on-year in April of 2021, the biggest growth on record, due to low base effects from last year when the coronavirus pandemic hit the economy hard. In April of 2020, industrial output fell at a record 36.9 percent. Almost all manufacturing subsections contributed to the annual growth in April. The manufacture of transport equipment representing the largest weight increased outstandingly, mainly due to the low base level last year when factories shutdown. The manufacture of computer, electronic and optical products and the manufacture of food products, beverages and tobacco rose at a rate below the industrial average.
2021-06-08
Hungary Industrial Output Rises More than Expected
Hungary's industrial production rose 16.5 percent year-on-year in March 2021, following a 1.9 percent growth in the previous month and beating market expectations of a 13 percent jump, a preliminary estimate showed. All branches of manufacturing contributed to the increase in output, led by a jump in vehicle manufacturing due to a low production base resulting from temporary factory shutdowns in the same period a year earlier. On a monthly basis, industrial production rose 0.4 percent in March.
2021-05-06
Hungary Industrial Production Falls More than Forecast
Hungary's industrial production tumbled 6.7 percent from a year earlier in January 2021, the largest decline since July last year and compared with market expectations of a 4.0 percent drop, a preliminary estimate showed. Most branches of manufacturing contributed to the fall in output, including the car sector, and the food industry. On the other hand, output rose in computers, electronics and optical goods manufacturing. On a seasonally adjusted monthly basis, industrial production grew 0.2 percent.
2021-03-05
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 Production
In Hungary, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.