Hungary's industrial production rose 3.1 percent from a year earlier in April of 2022, following a 3.6 percent increase in the prior month and below market estimates of a 5.3 percent rise, a preliminary estimate showed. It was the sixth consecutive month of expansion in the sector as the majority of the manufacturing subsections contributed to the production growth. Production of computers, electronics, optical goods; as well as that of food products, beverages, and tobacco products expanded above the industrial average. However, output in the transport equipment sector fell due to a scarcity of semiconductors and other supply chain issues. On a seasonally adjusted monthly basis, industrial production declined 1.6 percent in April, following an upwardly revised 0.2 percent downtick in March. In the first four months of 2022, production was 4.9 percent higher than in the same period of 2021. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.59 percent from 1991 until 2022, reaching an all time high of 58.90 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 July of 2022.

Industrial Production in Hungary is expected to be 4.10 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 2.50 percent in 2023, according to our econometric models.

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Hungary Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 07:00 AM Mar 3.6% 4.8% 2.2% 3.2%
2022-06-08 07:00 AM Apr 3.1% 3.6% 5.3% -0.5%
2022-07-06 07:00 AM May 3.1% 5%


Related Last Previous Unit Reference
Industrial Production Mom -1.60 -0.20 percent Apr 2022
Industrial Production 3.10 3.60 percent Apr 2022
Manufacturing Production 7.40 3.50 percent Jan 2022
New Orders 109.90 102.70 points Apr 2022
Changes in Inventories 284026.00 980903.00 HUF Million Mar 2022
Mining Production 14.90 25.00 percent Jan 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.60 58.90 -36.90 1991 - 2022 percent Monthly
2010=100, NSA

News Stream
Hungary Industrial Output Growth Below Forecasts
Hungary's industrial production rose 3.1 percent from a year earlier in April of 2022, following a 3.6 percent increase in the prior month and below market estimates of a 5.3 percent rise, a preliminary estimate showed. It was the sixth consecutive month of expansion in the sector as the majority of the manufacturing subsections contributed to the production growth. Production of computers, electronics, optical goods; as well as that of food products, beverages, and tobacco products expanded above the industrial average. However, output in the transport equipment sector fell due to a scarcity of semiconductors and other supply chain issues. On a seasonally adjusted monthly basis, industrial production declined 1.6 percent in April, following an upwardly revised 0.2 percent downtick in March. In the first four months of 2022, production was 4.9 percent higher than in the same period of 2021.
2022-06-08
Hungary Industrial Output Growth Beats Expectations
Hungary's industrial production jumped 3.6 percent from a year earlier in March of 2022, following a revised 4.8 percent increase in the prior month and beating market estimates of 2.2 percent, a preliminary estimate showed. It was the fifth consecutive month of expansion in the sector as most industrial categories contributed to the growth. However, output in the automobile sector fell due to a scarcity of semiconductors and other supply chain issues. Additionally, the production of computers, electronics, optical goods, and the segment of food, beverages, and tobacco products both expanded above the average. On a seasonally adjusted monthly basis, industrial production declined 0.1 percent in March, following a revised 1.9 percent gain in February.
2022-05-06
Hungary Industrial Output Slows Less than Expected
Hungary's industrial production rose 4.5 percent from a year earlier in February of 2021, slowing from an 8.9 percent increase in the prior month but above market forecasts of 2.5 percent, a preliminary estimate showed. It was the fourth consecutive month of expansion in the sector, with growth in most industries, save for the key auto industry, which contracted. Additionally, production of computer, electronics & optical products, as well as of food, beverage and tobacco rose above the industrial average. On a seasonally adjusted monthly basis, industrial production rose 1.6 percent in February, following an upwardly revised 2.0 percent gain in January.
2022-04-05