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.