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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Our WEEKLY MONITOR provides insights into trends in key areas through weekly, monthly and quarterly data from our interactive chart collection.
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Industrial production decreased by 4,1%, Industry, March 2023 (second estimate)

In March 2023, the volume of industrial production declined by 4.1% year-on-year. Based on working-day adjusted data production fell by 4.0%. Production dropped in the majority of the manufacturing subsections, at the same time the production volume increased significantly in the largest weight carrying manufacture of transport equipment, and that of electrical equipment. According to seasonally and working-day adjusted data industrial output was 0.2% higher than in February 2023.

Industrial production decreased in the majority of Member States, it grew in the EU as a whole

Industrial production in the European Union is growing almost continuously since November 2020. The trend continued in February 2023, output was 2.1% higher year-on-year. This was the result of volume growth in the divisions producing investment related and non-durable goods. Among the largest national economies Germany and France registered increases, at the same time output lessened in the majority of Member States, including Hungary.

Hungary, 2022 Q3

The economic performance of Hungary surpassed in the 1st–3rd quarters of 2022 the one year earlier level by 6.1%. Consumer prices year-on-year increase in the first ten months was 12.7%, producer prices, characteristically, grew in a much faster pace. Compared to the high base caused by the pandemic, the number of deaths decreased by 9.3%, the natural decrease of the population in January–September 2022 amounted to 35 thousand people, 17% fewer year-on-year.