Industry in Hungary
Hungary - Industry
Industrial output growth at over one-year high in March
Industrial output increased a working-day-adjusted 8.0% year-on-year in March, outpacing a 6.0% increase in February and marking the strongest result since October 2017. According to the Hungarian Central Statistical Office (KSH), March’s reading was bolstered by a stronger expansion in manufacturing output—which makes up over nine-tenths of the index—and by another month of skyrocketing growth in the mining and quarrying sector. On the other hand, the energy sector contracted at a sharper rate. Within the all-important manufacturing sector, the manufacture of transport equipment, motor vehicles, and electrical equipment registered the fastest increases.
In month-on-month, seasonally- and working-day-adjusted terms, industrial production growth came in at 1.0%, matching February’s print. Lastly, annual average growth in industrial production rose to 4.4% from 3.9% in February.
Met the why particular Consensus Forecast panelists expect industrial production to grow 4.1% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel expects industrial output to grow 4.0%.
Hungary - Industry Data
|Industrial Production (annual variation in %)||1.1||7.7||7.4||0.9||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Industry Chart
Source: Hungarian Central Statistical Office (KSH) and Met the why particular calculations.
|Bond Yield||3.33||0.0 %||May 13|
|Exchange Rate||288.7||-0.68 %||May 13|
|Stock Market||11,538||0.04 %||May 13|
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May 15, 2019
The Hungarian economy continued to fire on all cylinders in the first quarter.
May 14, 2019
Industrial output increased a working-day-adjusted 8.0% year-on-year in March, outpacing a 6.0% increase in February and marking the strongest result since October 2017.
May 9, 2019
Consumer prices increased 0.9% over the previous month in April, up from March’s 0.7% increase.
May 8, 2019
Industrial output increased a working-day-adjusted 8.0% year-on-year in March, outpacing a 6.0% increase in February.
May 6, 2019
The GKI economic sentiment index, a composite indicator, plummeted to a 23-month low 2.9 points in April from 6.2 points in March.