Hungary Industrial Output Slows Sharply in July

Industrial production in Hungary grew by 8.2% year-on-year in September 2026, easing from an 8.7% increase in the previous month, according to preliminary estimates. Growth was supported by higher output across most manufacturing sub-sectors, particularly vehicle manufacturing, computer, electronic and optical product manufacturing, and electrical equipment manufacturing. In contrast, production declined in the food, beverage and tobacco industries. On a seasonally and working-day adjusted monthly basis, industrial output rose by 0.9% in September, following a 1.1% increase in August. For the January to September period, industrial production was 4.0% higher than in the corresponding period of the previous year.

Industrial production in Hungary increased 8.7% year-on-year in August 2026, accelerating from 4.7% in July. The acceleration was mainly reflected in manufacturing (10.3% vs. 4.9% in July), led by transport equipment (43.3% vs. 18.0%) and computer, electronic and optical products (30.2% vs. 19.7%). In contrast, food, beverages and tobacco products remained in contraction (-6.8% vs. -2.3%), while electrical equipment manufacturing deteriorated further (-9.8% vs. -6.0%). Output of rubber, plastics and other non-metallic mineral products fell 8.0%, while basic metals and fabricated metal products declined 3.4%. Mining and quarrying growth accelerated (93.2% vs. 87.6%), while electricity, gas, steam and air conditioning supply fell (-13.1% vs. 3.8%). On a seasonally and working-day adjusted monthly basis, industrial output rose 1.0%, easing from 1.7% in July. In January-August, industrial production increased 3.4% year-on-year.

Industrial production in Hungary grew by 8.7% year-on-year in August 2026, accelerating from a 4.7% rise in the previous month. The increase was driven primarily by the two largest manufacturing sub-sectors, such as vehicle manufacturing and computer, electronic and optical product manufacturing. However, production declined across most other manufacturing sub-sectors, including the manufacture of electrical equipment and food, beverage and tobacco products. On a seasonally and working-day adjusted monthly basis, industrial output rose by 1.0% in August, following a 1.8% gain in the preceding period. For the January to August period, industrial activity was 3.4% higher than in the corresponding period of the previous year.