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 June 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.