Latest reading: Industrial production declined 0.1% in seasonally adjusted month-on-month terms in December, following a 2.7% fall in the prior...
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
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -6.8 | 9.2 | 5.9 | -4.7 | -4.1 |
Industrial production shrinks more quickly in November
Latest reading: Industrial production fell 5.5% in annual terms in November, following a 2.7% decline in the prior month. November's reading was the weakest since February 2025. Relative to the previous month's figures, readings in November softened for manufacturing (-5.6% on a year-on-year basis vs -3.2% in October), mining and quarrying (-11.9% vs +1.9% in October) and electricity, gas, steam and air conditioning (-2.1% vs +7.0% in October). On a seasonally adjusted month-on-month basis, industrial production fell 1.9% in November, following a 0.3% increase 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 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 info@focus-economics.com.
Latest Global Industrial production News
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Japan: Industrial production contracts less quickly in December -
Serbia: Industrial production shrinks more quickly in December Latest reading: Industrial production was down 5.7% on a year-on-year basis in December, following a 3.4% fall in the previous... -
Croatia: Industrial production loses steam in December Latest reading: Industrial production was up 4.5% in working day adjusted year-on-year terms in December, following 8.7% growth in the... -
Lithuania: Industrial production accelerates in December Latest reading: Industrial production was up 3.6% in annual terms in November, following 2.1% growth in the prior month. Relative... -
Poland: Industrial production rebounds in December Latest reading: Industrial production was up 7.3% in annual terms in December, following a 1.1% fall in the previous month.... -
Italy: Industrial production returns to growth in November Latest reading: Industrial production was up 1.5% in seasonally adjusted month-on-month terms in November, following a 1.0% fall in the... -
Japan: Industrial production contracts in November Latest reading: Industrial production was down 2.7% in seasonally adjusted month-on-month terms in November, following a 1.5% rise in the...