Industrial production increased by 5.4%
In September 2017, the volume of industrial output rose by 5.4% year-on-year. Based on working-day adjusted data, the production grew by 8.1%. Output went up by 5.2% in the first nine months of 2017 compared to the same period of the previous year.
In September 2017:
The volume of industrial production increased by 5.4% year-on-year. (Compared to the data of September published in the first estimate, there was no change in the data of the second estimate.)
Industrial output – according to the seasonally and working-day adjusted index – was below the level of the previous month by 0.7%.
The volume of industrial export sales increased by 5.9% compared to the same period of the previous year. Within export sales in manufacturing, the exports of transport equipment representing 36% declined by 2.1%. At the same time, in the manufacture of computer, electronic and optical products – accounting for 16% of manufacturing exports –, the export volume went up remarkably by 17.4%.
Industrial domestic sales grew by 6.3%, within this, the domestic sales of manufacturing were 5.4% higher year-on-year.
Out of the sections of industry, production rose by 5.7% in manufacturing representing a decisive weight (96%) and by 14.6% in mining and quarrying having little weight. The output of energy industry (electricity, gas, steam and air-conditioning supply) decreased by 2.6%.
Changes in the production and sales of manufacturing
(%)
| Period | Production | Total | Domestic | Export | Share of export in sales at current prices | |
|---|---|---|---|---|---|---|
| sales | ||||||
| Volume index, corresponding period of previous year = 100.0 | ||||||
| 2015 | 108.0 | 108.2 | 106.7 | 108.7 | 74.9 | |
| 2016 | 101.4 | 101.4 | 101.8 | 101.3 | 75.1 | |
| 2017 | January | 106.8 | 106.4 | 102.3 | 107.6 | 77.0 |
| February | 102.9 | 100.0 | 95.9 | 101.4 | 77.0 | |
| March | 114.4 | 112.5 | 109.5 | 113.6 | 76.0 | |
| April | 96.8 | 95.2 | 96.6 | 94.7 | 74.5 | |
| May | 109.0 | 110.5 | 106.6 | 111.9 | 75.1 | |
| June | 103.9 | 104.1 | 103.5 | 104.3 | 75.2 | |
| July | 100.3 | 100.7 | 102.3 | 100.1 | 73.2 | |
| August | 106.9 | 106.9 | 104.3 | 108.0 | 73.0 | |
| September | 105.7 | 105.2 | 105.4 | 105.2 | 75.0 | |
| From the beginning of the year | 105.2 | 104.6 | 103.0 | 105.1 | 75.1 | |
Compared to the previous month's growth, the production of transport equipment representing 29% of manufacturing output dropped year-on-year by 1.8%. The lower performance level of the subsection was also reflected in its orders indicators. The manufacture of parts and accessories for motor vehicles went up by 5.0%, whereas the manufacture of motor vehicles fell by 7.9%.
The manufacture of computer, electronic and optical products accounting for 12% of manufacturing rose by 16.6%. The volume increased in every class of the subsection compared to the same month of the previous year, the manufacture of consumer electronics having the largest weight grew by 15.4%.
The manufacture of food products, beverages and tobacco products giving 11% of manufacturing declined by 1.0%. Within this, the largest group (representing 24% of the subsection), the processing and preserving of meat and the production of meat products fell by 6.6% and the second largest, the manufacture of beverages dropped by 3.3% year-on-year. The manufacture of vegetable and animal oils and fats having smaller weight rose at the highest rate of 8.1%.
The manufacture of coke, and refined petroleum products grew exceptionally by 49%, partly due to the low base effect
The manufacture of pharmaceuticals, medicinal chemical and botanical products increased significantly, by 27%, owing to an expansion in export demand, while domestic sales essentially stagnated (-0.1%).
The manufacture of basic metals and fabricated metal products having medium weight rose by 15.8% continuing the growth of earlier months and the manufacture of rubber and plastics products, and other non-metallic mineral products grew by 4.9%, as a result of a favourable tendency in both domestic and export sales.
The pace of expansion slowed down in the manufacture of machinery and equipment n.e.c accounting for 6.4% of the manufacturing output, the volume of production went up by 3.7%. Mainly a volume decrease in the manufacture of engines and turbines, except aircraft, vehicle and cycle engines played a role in the lowest volume increase so far this year.
The manufacture of textiles, wearing apparel, leather and related products having the smallest weight grew by 10.8% in September, due to an increase in both domestic and export demand.
Changes in production in the major subsections of manufacturing, September 2017
(%)
| Subsections | Volume indices of production, corresponding period of previous year = 100.0 | Share of subsection within manufacturing at current prices | |
|---|---|---|---|
| code | denomination | ||
| CA | Manufacture of food products, beverages and tobacco products | 99.0 | 10.9 |
| CG | Manufacture of rubber and plastics products, and other non-metallic mineral products | 104.9 | 8.0 |
| CH | Manufacture of basic metals and fabricated metal products, except machinery and equipment | 115.8 | 8.1 |
| CI | Manufacture of computer, electronic and optical products | 116.6 | 12.2 |
| CK | Manufacture of machinery and equipment n.e.c. | 103.7 | 6.4 |
| CL | Manufacture of transport equipment | 98.2 | 29.4 |
The labour productivity of industrial enterprises with 5 or more employees was 2.1% higher in September than in the same month of the previous year, along with a 3.3% increase in the number of employees.
In every region of Hungary, industrial output rose year-on-year, the most by 8.6% in Northern Great Plain and the least by 1.2% in Southern Great Plain.
Total new orders in the observed subsections of manufacturing declined by 1.8% compared to the same month of 2016. The volume of new domestic orders increased by 12.8%, while that of new export orders fell by 3.9%. The volume of total stock of orders was below the level of September 2016 by 9.5%.
In January–September 2017, compared to the same period of the previous year:
Industrial production went up by 5.2%. The volume of export sales representing 65% of all sales grew by 5.7%, while that of domestic sales accounting for 35% of all sales rose by 4.0%.
The labour productivity of industrial enterprises with 5 or more employees went up by 1.7% along with a 3.2% increase in the number of employees.
Industrial production rose in every region of Hungary. The largest volume growth was measured in Northern Great Plain (8.9%), while the lowest in Southern Great Plain (2.4%).