Published on: 12 September 2019

Industrial production increased by 12.0%

In July 2019, the volume of industrial output grew by 12.0% year-on-year. Based on working-day adjusted data, production rose by 8.7%.

In July 2019:

The volume of industrial production rose by 12.0 year-on-year. (Compared to the July data of the first estimate, the data in the second estimate did not change.)

Industrial output – according to the seasonally and working-day adjusted index – was above the previous month’s level by 1.7%.

The volume of industrial export grew by 12.7% year-on-year. Within export sales in manufacturing, the 37% representing transport equipment export went up by 31%, the export in manufacture of computer, electronic and optical products accounting for a 14% weight rose by 4.7%.

Industrial domestic sales increased by 14.3%, within it domestic sales in manufacturing were 16.2% higher compared to the same month of the previous year.

Within industry, production grew by 12.1% in the decisive weight (96%) representing manufacturing, and it went up by 12.6% in the small weight representing mining and quarrying. The output of energy industry (electricity, gas, steam and air-conditioning supply) increased to a lesser degree by 2.3%.

Changes in the production and sales of manufacturing


Period Production Total Domestic Export Share of export in sales at current prices
Volume index, corresponding period of previous year = 100.0
From the beginning of the year106.1106.8108.9106.172.9

The rate of growth accelerated in the largest weight representing manufacture of transport equipment accounting for 30% of manufacturing: output went up by 35% in July compared the same month of the previous year. The remarkable growth was mainly related to a summer stoppage dissimilar from the base year. The manufacture of motor vehicles grew by 60%, the manufacture of parts and accessories for motor vehicles rose by 15.8%.

The manufacture of computer, electronic and optical products accounting for almost 11% of manufacturing increased by 4.1%. Out of the two most significant groups the manufacture of consumer electronics grew by 44%, at the same time the manufacture of communication equipment fell by 17.3%

The manufacture of food products, beverages and tobacco products providing more than 11% of manufacturing rose by 6.5% year-on-year, as a result of a favourable tendency in both domestic and export sales. Out of the groups the processing and preserving meat and the production of meat products, representing the largest weight (25%) increased by 7.6%, while the manufacture of beverages, the second most significant group went up by 15.4%. Decreases were recorded in two groups only: in processing and preserving of fruit and vegetables (17,1%), and in the small weight carrying manufacture of tobacco products (7.3%).

Contrary to the decrease in the previous month the volume of production increased in the medium-weight representing subsections: the manufacture of rubber and plastics products, and other non-metallic mineral products grew by 6.8%, the manufacture of basic metals and fabricated metal products rose by 2.4%.

Two subsections representing smaller weight increased at a rate above the industrial average: the manufacture of electrical equipment grew by 13.5%, while other manufacturing went up by 17.8%.

The declining tendency continued in the manufacture of chemicals and chemical products: output dropped in July by 3.7% year-on-year, mainly owing to a fall in the significant weight carrying manufacture of plastics in primary forms.

The manufacture of coke, and refined petroleum products fell the most, by 7.9%; due to the unfavourable tendency in export sales.

Changes in production in the major subsections of manufacturing, July 2019


Subsections Volume indices of production, corresponding period of the previous year = 100.0 Share of subsection within manufacturing at current prices
code denomination
CAManufacture of food products, beverages and tobacco products106.511.2
CGManufacture of rubber and plastics products, and other non-metallic mineral products106.89.4
CHManufacture of basic metals and fabricated metal products, except machinery and equipment102.48.7
CIManufacture of computer, electronic and optical products104.110.8
CKManufacture of machinery and equipment n.e.c.110.35.5
CLManufacture of transport equipment134.629.7

Industrial production grew in every region. The highest volume growth was observed in Western Transdanubia (21%), whereas in all others volume increases between 3.1% and 16.6% were measured.

Total new orders volume in the observed subsections of manufacturing rose by 11.0% compared to the July 2018 data. New domestic orders volume increased by 14.7%, new export orders grew by 10.3%. The volume of total stock of orders at the end of July was above the previous year’s level by 0.5%.

In January–July 2019, compared to the same period of the previous year:

Industrial production rose by 6.3%. The volume of export sales representing 63% of all sales went up by 6.8%, domestic sales accounting for 37% of all sales grew by 7.5%.

Industrial production rose in every region of Hungary. The largest volume growth was measured in Pest region (10.0%), while the lowest in Northern Hungary (0.3%).