Industrial production in Hungary fell by 1.5% year-on-year in February 2026, in line with preliminary estimates and following a 2.5% decline in January. Manufacturing, which accounts for 97% of total industrial output, contracted by 1.0% (after a 2.6% drop in January). The steepest fall within manufacturing was recorded in the production of coke and refined petroleum products, down 41.4% year-on-year after a 32.9% decline in the previous month.
Mining and quarrying also remained in negative territory, although the rate of decline moderated to 9.1% from 45.2% in January. By contrast, the electricity, gas, and steam sector swung sharply lower, with output dropping 11.2% after a 6.7% increase a month earlier.
On a seasonally and working-day-adjusted basis, overall industrial output fell by 1.8% from the previous month, reversing a 1.5% monthly gain in January. For the first two months of 2026 combined, industrial production was 2.0% lower than in the same period a year earlier.
