Hungary's industrial output decreased 1.4 percent year-on-year in June of 2019, down from an upwardly revised 9.1 percent rise in the previous month and missing market expectations of a 5.3 percent gain, a preliminary estimate showed. It was the first fall in industrial activity since September of 2018. The rate of growth slowed in the largest weight representing manufacture of transport equipment, as well as in that of food products, beverages and tobacco products, while the manufacture of computer, electronic and optical products dropped. Industrial Production in Hungary averaged 4.68 percent from 1991 until 2019, reaching an all time high of 23.50 percent in May of 2000 and a record low of -28.99 percent in February of 2009.
Industrial Production in Hungary is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Hungary to stand at 4.80 in 12 months time. In the long-term, the Hungary Industrial Production is projected to trend around 4.70 percent in 2020, according to our econometric models.