Hungarian Parliament building

Hungary Industrial production January 2024

Hungary: Decline in industrial activity softens in January

According to a second estimate by the Statistical Institute, industrial output declined 4.0% year on year in January (December: -6.6% yoy). January’s softer drop was partly due to a softer fall in manufacturing production. In addition, mining and quarrying production rebounded.

On a seasonally adjusted monthly basis, industrial output rebounded, rising 9.8% in January (December: -17.7% mom). Meanwhile, annual average variation of industrial production was unchanged coming in at December’s 4.8% in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen