Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details...
Industrial Production in Hungary
In the year 2024, the industrial production in Hungary was -4.11%, compared to 7.11% in 2014 and -4.74% in 2023. It averaged 2.67% over the last decade. For more industry information, visit our dedicated page.
Hungary Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Hungary from 2024 to 2022.
Source: Macrobond.
Hungary Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -6.8 | 9.2 | 5.9 | -4.7 | -4.1 |
Decline in industrial output softens in March
Latest reading: According to a second estimate by the Statistical Institute, industrial output shrank 5.1% in seasonally and calendar-adjusted year-on-year terms in March (February: -8.0% yoy). The softer drop was driven by a milder fall in manufacturing production. Conversely, mining and quarrying output weakened at the fastest pace since December 2023. That said, March saw industrial production rise 0.1% in seasonally and calendar-adjusted month-on-month terms, improving from February’s 1.2% fall. Still, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.1%, deteriorating from February's minus 4.9% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hungarian industry projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Hungarian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hungarian industry projections.
Want to get access to the full dataset of Hungarian industry forecasts? Send an email to [email protected].
Latest Global Industrial production News
-
Latvia: Industrial output rebounds in April -
Estonia: Industrial output growth slows in April Latest reading: Industrial output increased 1.5% year on year in seasonally and calendar-adjusted terms in April (March: +3.5% yoy). Looking... -
Portugal: Industrial output recovers tepidly in April Latest reading: Industrial output rebounded by 1.2% month on month in seasonally adjusted terms in April, contrasting March’s 3.9% contraction.... -
Serbia: Industrial output growth wanes in April Latest reading: Industrial production increased 2.3% year on year in April (March: +6.9% yoy). The deceleration was driven by a... -
Japan: Industrial activity dips in April Latest reading: Industrial output declined 0.9% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.2% increase but which... -
Croatia: Industrial output growth gains steam in April Latest reading: Industrial production grew 6.5% year on year in working-day adjusted terms in April (March: +3.2% yoy). April’s notable... -
Russia: Industrial output growth rises but remains below trend in April Latest reading: Industrial output rose 1.5% year on year in April, improving from March’s 0.8% increase but remaining weak by...