Industrial production increased by 11.3%
In September 2022 the volume of industrial production grew by 11.3% year-on-year. Based on working-day adjusted data production rose by 11.6%. The volume of production increased in the great majority of the manufacturing subsections, at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial output was 1.6% higher than in August 2022.
In September 2022:
The volume of industrial production rose by 11.3% compared to the same period of the previous year. (Compared to the September data published in the first estimate, the data in the second estimate did not change.)
Industrial output in September – according to seasonally and working-day adjusted indices – was 1.6% above the level of the previous month.
The volume of industrial export was 13.3% higher than a year earlier. Transport equipment export, representing a 31% weight within export sales in manufacturing grew by 33%, the export in manufacture of computer, electronic and optical products accounting for a 15% weight, increased by 21%.
Industrial domestic sales rose by 5.8%, while domestic sales in manufacturing were 3.0% lower compared to the same month of the previous year.
Within industry, manufacturing output, which accounts for a decisive share in industry (94%), grew by 11.5%, energy industry (electricity, gas, steam and air conditioning supply) increased by 7.4%, mining and quarrying having a small weight, rose by 1.0% compared to September 2021.
Changes in the production and sales of manufacturing
(%)
| Period | Production | Total | Domestic | Export | Share of export in sales at current prices | |
|---|---|---|---|---|---|---|
| sales | ||||||
| Volume index, corresponding period of previous year = 100.0 | ||||||
| 2020 | 94.2 | 94.2 | 92.3 | 94.9 | 74.0 | |
| 2021 | 109.0 | 107.5 | 111.3 | 106.1 | 72.2 | |
| 2022 | January | 107.6 | 107.7 | 115.2 | 105.2 | 72.6 |
| February | 104.5 | 103.8 | 110.3 | 101.6 | 72.6 | |
| March | 103.2 | 102.2 | 113.0 | 98.2 | 70.0 | |
| April | 103.0 | 100.6 | 108.1 | 97.7 | 69.8 | |
| May | 109.9 | 110.3 | 108.6 | 111.1 | 70.3 | |
| June | 100.9 | 101.7 | 101.2 | 102.0 | 70.4 | |
| July | 103.6 | 101.6 | 95.8 | 104.2 | 70.4 | |
| August | 114.9 | 117.2 | 101.7 | 125.1 | 70.4 | |
| September | 111.5 | 110.1 | 97.0 | 115.8 | 73.1 | |
| From the beginning of the year | 106.5 | 106.0 | 104.8 | 106.5 | 71.1 | |
The largest weight carrying manufacture of transport equipment representing 25% of manufacturing, surpassed by 32% the previous year’s data. The volume of motor vehicles manufacturing rose by 36%, the manufacture of parts and accessories for motor vehicles grew by 29%.
The manufacture of computer, electronic and optical products accounting for 11% of manufacturing increased by 22% compared to the same month of the previous year. Out of the two largest groups the manufacture of electronic components and boards went up by 29%, the manufacture of consumer electronics rose by 9.9%.
The manufacture of food products, beverages and tobacco products having a 12% share in manufacturing grew by 1.4%, first of all due to an increase in export sales, while domestic sales dropped. The processing and preserving meat and the production of meat products representing the largest weight (22%) fell behind the previous year’s value by 9.0%. Besides, output decreased in three more groups: the manufacture of grain mill products, starches and starch products dropped by 16.0%, the manufacture of bakery and farinaceous products fell by 3.8%, processing and preserving of fruit and vegetables declined by 1.7%. The production increased between 1.0 and 33% in the other groups, the manufacture of vegetable and animal oils and fats went up the most.
Out of the subsections the manufacture of electrical equipment grew at the highest rate, by 47%. Out of the two most significant weight carrying groups the manufacture of batteries and accumulators went up by 87%, the manufacture of electric motors, generators, transformers and electricity distribution and control apparatus rose by 62%.
Out of the two medium-weight representing subsections the manufacture of rubber and plastics products, and other non-metallic mineral products increased by 0.2%, at the same time the manufacture of basic metals and fabricated metal products fell by 10.4% compared to the same month of the previous year.
The decrease goes on for five months in the manufacture of coke, and refined petroleum products: in September the volume of production was 21% lower than in the same month of 2021, sales fell in both sales directions.
Changes in production in the major subsections of manufacturing, September 2022
(%)
| Subsections | Volume indices of production, corresponding period of the previous year = 100.0 | Share of subsection within manufacturing at current prices | |
|---|---|---|---|
| code | denomination | ||
| CA | Manufacture of food products, beverages and tobacco products | 101.4 | 12.5 |
| CG | Manufacture of rubber and plastics products, and other non-metallic mineral products | 100.2 | 8.1 |
| CH | Manufacture of basic metals and fabricated metal products, except machinery and equipment | 89.6 | 7.5 |
| CI | Manufacture of computer, electronic and optical products | 121.5 | 11.2 |
| CJ | Manufacture of electrical equipment | 147.4 | 10.0 |
| CL | Manufacture of transport equipment | 131.6 | 24.8 |
Industrial production declined in Southern Transdanubia (by 0.2%), and the Southern Great Plain (by 1.4%). In the other regions volume increases 0.3% and 23% were recorded, the highest one in Central Transdanubia.
The volume of total new orders in the observed divisions of manufacturing was 19.7% higher compared to September 2021. New domestic orders rose by 9.2%, new export orders grew by 21%. The total stock of orders at the end of September was above the previous year’s level by 21%.
In January–September 2022, compared to the same period of the previous year:
Industrial production increased by 6.7%. The volume of export sales representing 60% of all sales, as well as domestic sales accounting for 40% of all sales grew equally, by 7.9%.
Industrial production grew in every region of Hungary, to the largest degree, by 12.8% in the Pest region, the lowest increase was measured in Southern Transdanubia (0.7%).