15.01.202608:27:43UTC+00Hungary Industrial Output Contraction Confirmed at 5.4%

In November 2025, Hungary's industrial production saw a significant year-on-year decline of 5.4%, worsening from a 2.7% decrease recorded in October and aligning with preliminary forecasts. This represents the most pronounced drop since August. Manufacturing output notably continued its downward trajectory, falling by 5.7% compared to a 2.9% reduction in October. Specific sectors experiencing substantial decreases included coke and refined petroleum products, which plummeted by 35.6% versus a 31.8% drop the previous month; chemicals and chemical products, which declined by 14.4% from 13.3%; pharmaceuticals, medicinal chemical, and botanical products, down 11.1% from 6.4%; and rubber, plastics, and other non-metallic mineral products, exhibiting a 10.3% decline compared to 5.1%. The machinery and equipment sector was particularly hard hit, dropping by 16% as opposed to a slight increase of 2% earlier. The sectors of mining and quarrying as well as electricity, gas, steam, and air conditioning supply also experienced reductions, with mining and quarrying decreasing by 11.8% from a previous 2% increase, and electricity and utilities dropping 2.1% compared to an 8.5% rise in the prior month. On a seasonally adjusted month-over-month basis, industrial activity fell by 2%, reversing the 0.4% growth seen in October. Throughout the January to November period, overall industrial output was 3.5% lower than during the same timeframe the year before.