Hungary's industrial production growth slowed to 8.0 percent year-on-year in July 2021, from 22 percent in the previous month and below market expectations of 10.6 percent, a preliminary estimate showed. The majority of the manufacturing subsections contributed to the growth, but production of transport equipment, which represents the largest weight, declined mainly due to factory shutdowns, as well as one-shift work schedule. Production also decreased for computer, electronic and optical products, while food products output rose slightly. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.63 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 September of 2021.

Industrial Production in Hungary is expected to be 1.20 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 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
8.00 22.00 58.80 -36.90 1991 - 2021 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-08 07:00 AM Apr 58.8% 16.5% 68% 65%
2021-07-07 07:00 AM May 39.1% 58.8% 36%
2021-08-06 07:00 AM Jun 22% 38.8% 17.9% 16.8%
2021-09-07 07:00 AM Jul 8% 22% 10.6% 11.4%
2021-10-06 07:00 AM Aug 8%
2021-11-05 08:00 AM Sep
2021-12-07 08:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Hungary Industrial Output Growth Below Forecasts
Hungary's industrial production growth slowed to 8.0 percent year-on-year in July 2021, from 22 percent in the previous month and below market expectations of 10.6 percent, a preliminary estimate showed. The majority of the manufacturing subsections contributed to the growth, but production of transport equipment, which represents the largest weight, declined mainly due to factory shutdowns, as well as one-shift work schedule. Production also decreased for computer, electronic and optical products, while food products output rose slightly.
2021-09-07
Hungary Industrial Production Jumps 39.1% in May
Hungary's industrial output rose by 39.1 percent from a year earlier in May 2021, following a record 58.8 percent increase in the previous month and compared with market expectations of 43.3 percent, a preliminary estimate showed. Most branches of manufacturing contributed to the May increase, driven by the car sector, where factories were halted in the same period a year earlier or were running in single shifts. Output in computers, electronic and optical goods manufacturing as well as the food and beverages sector grew below the industrial average.
2021-07-07
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
In Hungary, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.