11.04.202507:34:41UTC+00Hungary Industrial Output Contraction Confirmed at 8.7%

In February 2025, Hungary experienced an 8.7% year-on-year decline in industrial production, aligning with initial estimates and worsening from the previous month's 3.9% decrease. This marks the tenth consecutive month of diminishing industrial output and represents the steepest decline since August 2024. The downturn was largely fueled by a continued decrease across all manufacturing subsectors. Notable declines were seen in the production of electrical equipment, which plunged by 24%, basic metals and fabricated metal products, which fell by 15.8%, transport equipment, down by 10.4%, food, beverages, and tobacco, which decreased by 5.8%, and rubber and plastics products along with other non-metallic mineral products, which dropped by 5.5%. On a seasonally adjusted month-to-month basis, industrial output fell by 1.3% in February, following a 0.8% decline in January.