Hungary's industrial production grew by 2.6 percent from a year earlier in August of 2021, down from an 8 percent rise in the prior month and missing market expectations of a 4.8 percent gain, a preliminary estimate showed. It was the slowest increase in industrial activity since February, mainly due to a significant contraction in the car sector due to factory shutdowns amid the ongoing global shortage in semiconductors. Output also decreased in the manufacture of computer, electronic and optical products, while it rose in the manufacture of food products. On a monthly basis, industrial production fell 2.7 percent. source: Hungarian Central Statistical Office

Industrial Production in Hungary averaged 4.62 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 October of 2021.

Industrial Production in Hungary is expected to be 2.20 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


Calendar GMT Actual Previous Consensus TEForecast
2021-09-07 07:00 AM Jul 8% 22% 10.6% 11.4%
2021-10-06 07:00 AM Aug 2.6% 8% 4.8% 6.9%
2021-11-05 08:00 AM Sep 2.6%


News Stream
Hungary Industrial Output Growth Slows to 6-Month Low
Hungary's industrial production grew by 2.6 percent from a year earlier in August of 2021, down from an 8 percent rise in the prior month and missing market expectations of a 4.8 percent gain, a preliminary estimate showed. It was the slowest increase in industrial activity since February, mainly due to a significant contraction in the car sector due to factory shutdowns amid the ongoing global shortage in semiconductors. Output also decreased in the manufacture of computer, electronic and optical products, while it rose in the manufacture of food products. On a monthly basis, industrial production fell 2.7 percent.
2021-10-06
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 Last Unit Reference Previous Highest Lowest
Industrial Production 2.60 percent Aug/21 8.00 58.80 -36.90
Industrial Production Mom -2.70 percent Jul/21 -0.30 17.90 -29.70
Manufacturing Production 1.70 percent Feb/21 -7.20 34.80 -38.40
New Orders 87.50 points Aug/21 109.60 266.90 50.30
Changes in Inventories 9751.00 HUF Million Jun/21 -71649.00 555177.00 -437161.00
Mining Production -35.90 percent Feb/21 -24.80 138.30 -50.00


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.