Industry

It is exceptionally important to us to provide more up-to-date information on the social and economic developments in our country, in addition to our regular and detailed publications.
Our WEEKLY MONITOR provides insights into trends in key areas through weekly, monthly and quarterly data from our interactive chart collection.
Most WEEKLY MONITOR charts can also be downloaded in image and data formats (PNG, SVG and CSV).

In August 2021, the volume of industrial production grew by 2.6% year-on-year. Based on working-day adjusted data production rose by 0.6%. The majority of the manufacturing subsections contributed to the growth, the manufacture of electrical equipment grew at the highest rate. The manufacture of transport equipment, representing the largest weight, dropped significantly, by 34%, mainly due to factory shutdowns caused by the global shortage in semiconductors. According to seasonally and working-day adjusted data industrial output was 2.7% lower than in July 2021. Production volume slightly surpassed the pre-pandemic, August 2019 level.

The Covid19 pandemic has had a significant impact on the socio-economic developments in Hungary in 2020. The latest pocketbook shows, for example, that compared to the previous year, the output of the national economy decreased by 5%, the number of private enterprises temporarily ceasing their activities increased to 103,000, more people teleworked than before, there were fewer traffic accidents, more mail and courier deliveries were sent, and fewer but longer phone calls were made.

In relation with the coronavirus pandemic the performance of the Hungarian economy decreased by 5.5% in the 1st – 3rd semesters of 2020, this result is replacing the 4-5% growths of the corresponding periods of the previous three years. During the same time the average GDP of the EU-27 states shrunk in a larger degree than the Hungarian one, by 7.0%. The population of Hungary decreased by 29 thousand people between January-October 2020 due to the natural decrease, this number is 5 thousand less year-on-year.