Latest reading: Industrial production was up 1.5% on a year-on-year basis in February, following a 1.5% decline in the previous...
Industrial Production in Hungary
The Hungarian economy recorded an average industrial production growth rate of 2.7% in the decade to 2024. In 2024, industrial production growth was -4.1%. For more industry information, visit our dedicated page.
Hungary Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Hungary from 2014 to 2025.
Source: Macrobond.
Hungary Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 9.2 | 5.9 | -4.7 | -4.1 | -2.5 |
Industrial production rebounds in January
Latest reading: Industrial production increased 0.2% in annual terms in January, following a 0.9% fall in the prior month. January's reading was the strongest since February 2024. Relative to the previous month's figures, the reading for electricity, gas, steam and air conditioning improved in January (+6.8% in annual terms vs -20.1% in December). In contrast, readings softened for manufacturing (+0.2% vs +1.0% in December) and mining and quarrying (-31.2% vs -21.3% in December). On a seasonally adjusted month-on-month basis, industrial production rose 1.5% in January, following 1.0% growth in the prior month.
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 15 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 info@focus-economics.com.
Latest Global Industrial production News
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Poland: Industrial production rebounds in February -
Japan: Industrial production accelerates in January Latest reading: Industrial production increased 4.3% in seasonally adjusted month-on-month terms in January, following a 0.6% increase in the previous... -
Belarus: Industrial production falls at a faster pace in February Latest reading: Industrial production was down 3.7% on a year-on-year basis in February, following a 3.4% fall in the previous... -
Taiwan: Industrial production speeds up in January Latest reading: Industrial production rose 28.5% in annual terms in January, following a 23.1% increase in the prior month. January’s... -
Cyprus: Industrial production speeds up in January Latest reading: Industrial production increased 4.6% on a calendar-adjusted year-on-year basis in January, following 2.2% growth in the prior month.... -
Italy: Industrial production contracts faster in January Latest reading: Industrial production fell 0.6% in seasonally adjusted month-on-month terms in January, following a 0.5% fall in the prior... -
Czech Republic: Industrial production falls in January Latest reading: Industrial production fell 2.6% on a seasonally adjusted month-on-month basis in January, following a 1.1% increase in the...