Industry

Statistics on industry comprises three sections (mining and quarrying, manufacturing, energy industry). Extraction of natural minerals, transformation of basic materials and products into new products, electricity, gas, steam, hot water supply are defined as industrial activities. Beside industry significantly influencing economic performance, the division group also has an important role in employment. Industrial statistics offers information – beside production data – about sales directions (domestic and export sales) as well as about orders relating to industrial products and services and their change over time.

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Industrial production decreased by 9.5%, Industry, August 2024 (second estimate)

The volume of industrial production dropped in August 2024 by 9.5%, based on working-day adjusted data production declined by 4.1%, year-on-year. Compared to crude data, the significant difference is due to the fact that there were two less working-days in this month than in August 2023. Out of the manufacturing subsections production increased in three, and decreased in ten. According to seasonally and working-day adjusted data, industrial output was 0.5% lower than in July 2024.

Hungary 1st semester of 2024 – Economic upturn at services sections

The performance of the Hungarian economy increased in the 1st semester of 2024 by 1.3%, year-on-year. Most services offering sections as well as construction contributed to the growth, while industrial performance lessened. Household consumption thrived, supported by real earnings growth, while the growth pace of consumer prices slowed down in the 1st semester of 2024 to 3.7%. Labour market-wise employment rate continued to grow, however unemployment rate increased, too.

The Weekly Monitor has been renewed

The HCSO Weekly Monitor is replaced by the HCSO Monitor starting 11 October 2023. The interactive collection of figures, available on the HCSO website, continues to inform about the latest domestic and international social and economic trends, at the same time figures of First Releases have been added to the subjects, as such the content of its categories changed to a certain extent.
The figures of the HCSO Monitor may be downloaded, as before, in image and data formats (PNG, SVG and CSV).
Feel free to browse the latest data of the HCSO!

Statistical Yearbook of Hungary, 2023

The yearbook provides an overview of Hungary's demographic, social and economic processes, environmental characteristics and their changes over time, with the help of tens of thousands of data of 500 tables, graphs and maps. Innovatively, the Tourism, catering chapter in the volume includes the gross receipts of tourist accommodation establishments by type of accommodation. Another change is that this year the Regional data chapter already presents territorial data by tourism area, giving greater emphasis to tourist destinations.

Snapshots, 2023 - Industry

The volume of industrial production lagged behind the previous year’s level by 5.5% in 2023. Output lessened in manufacturing – providing the overwhelming majority of production -, too, it increased in three subsections only, to the greatest extent in the manufacturing of electrical equipment, followed by the largest weight carrying vehicle production. Food industry growth, lasting for years, halted, and – mainly due to the decreasing demand induced by a high food-price inflation level– production volume fell.

Hungary, 2023

Geopolitical tensions continued to overshadow economic developments in 2023, with the gross domestic product falling by 0.9%. Inflationary pressures gradually eased, but the 17.6% annual increase in consumer prices led to a decline in real earnings and consumption, and negatively affected investment decisions. Despite the economic difficulties, employment has reached a record high. In 2023, the number of deaths and births continued to fall, in addition to the decrease in the number of women of childbearing age.