Hungary’s industrial production rose by 6.7% year-on-year in March 2026, in line with preliminary estimates and sharply reversing a downwardly revised 0.9% decline in February. This was the strongest annual expansion since September 2022, supported by broad-based growth across most manufacturing sectors (up 7% vs a 0.3% contraction in February), which together represent around 95% of total industrial output.
Within manufacturing, production increased most notably in computer, electronic and optical products (21.9% vs 24.6% in February) and in machinery and equipment (20.3% vs 0.8%). In addition, output in mining and quarrying, as well as in electricity, gas, steam and air-conditioning supply, rebounded by 7.5% and 2.3%, respectively, after four consecutive months of decline.
On a seasonally and working-day-adjusted basis, industrial output rose by 3.1% in March, following a 1.8% drop in February. For the first quarter as a whole, industrial activity was 1% higher than in the same period a year earlier.
