Hungary Industrial Output Growth Slows in July

Industrial production in Hungary grew by 4.7% year-on-year in July 2026, slowing from a 10.1% increase in the previous month, which was the strongest growth since September 2022. Compared with a year earlier, production fell across most manufacturing sub-sectors. Among the most important sub-sectors, vehicle manufacturing and computer, electronic and optical product manufacturing recorded growth, while electrical equipment and food, beverage and tobacco production declined. On a seasonally and working-day adjusted monthly basis, industrial output rose by 1.7% in July, recovering from a 1.3% fall in the preceding period. For the January to July period, industrial activity was 2.7% higher than in the corresponding period of the previous year.

Industrial production in Hungary soared 10.1% year-on-year in June 2026, confirming preliminary estimates and following a 0.4% decline in May. This marked the strongest growth since September 2022, as manufacturing output, which accounts for 96% of total industrial production, climbed 10.8% in June after stagnating in May. Production rebounded in transport equipment (21.0% vs -0.5% in May), electrical equipment (1.8% vs -2.6%), rubber and plastic products and other non-metallic mineral products (2.8% vs -3.2%), and basic metals and fabricated metal products, except machinery and equipment (8.1% vs -3.0%), while output of computer, electronic and optical products rose faster (49.7% vs 42.1%). Additionally, production accelerated in mining and quarrying (60.8% vs 43.7%), while electricity, gas, steam and air conditioning supply rebounded (0.3% vs -9.9%). On a seasonally and working-day adjusted monthly basis, industrial output fell 1.4% in June, reversing a 2.7% increase in May.

Industrial production in Hungary accelerated to 10.1% year-on-year in June 2026, rebounding from a 0.4% decline in the previous month and marking the strongest growth since September 2022, according to preliminary estimates. Among the main subsectors, output rose in the manufacture of motor vehicles, computer, electronic and optical products, and electrical equipment. Meanwhile, production declined in food, beverages, and tobacco products. On a seasonally and working-day adjusted basis, industrial output fell 1.4%, reversing a 2.3% increase in May. In the first six months of the year, industrial production was 2.4% higher than in the corresponding period of 2025.