The industrial production in Hungary fell by 5.4% year-on-year in November 2025, deepening from a 2.7% drop in the previous month, and in line with preliminary estimates.
This marked the steepest decline since August, as manufacturing output continued to fall (-5.7% vs -2.9% in October), particularly in coke and refined petroleum products (-35.6% vs -31.8%), chemicals and chemical products (-14.4% vs -13.3%), pharmaceuticals, medicinal chemical, and botanical products (-11.1% vs -6.4%), rubber and plastics products and other non-metallic mineral products (-10.3% vs -5.1%), and machinery and equipment (-16% vs 2%).
Additionally, production tumbled in mining and quarrying (-11.8% vs 2%) and electricity, gas, steam and air conditioning supply (-2.1% vs 8.5%).
On a seasonally adjusted monthly basis, industrial activity decreased by 2%, reversing from a 0.4% increase in October.
Over the January-November period, industrial output was 3.5% lower than in the same period a year earlier.