FX.co ★ Hungary Industrial Output Contraction Confirmed at 2.6%

In May 2025, Hungary experienced a 2.6% year-over-year decline in industrial production, aligning with preliminary forecasts and showing an improvement from April's 5% decrease. The contraction in manufacturing lessened to -2.7% from April's -5.2%, primarily due to better performances in the vehicle, computer, electronics, and optical product sectors. The downturn in mining and quarrying also moderated to -7.4% compared to -15.5% previously, while the electricity, gas, steam, and air-conditioning supply sector observed an accelerated growth of 6.9%, up from 6.3%. On a seasonally adjusted basis, industrial activity decreased by 1.3% in May 2025, counteracting a 1.5% rise seen in the prior month.