Industrial production in Hungary dropped by 5.4% year-on-year in November 2025, slipping further from a 2.7% fall in October, and exceeded expectations of a 2.2% decline. Production volumes declined across the vast majority of manufacturing sub-sectors, with particularly notable decreases in vehicle and electrical equipment output. In contrast, certain sectors recorded gains, including the manufacture of computers, electronics, and optical products, as well as food, beverages, and tobacco products. On a seasonally and working-day adjusted basis, industrial output decreased 2% compared with the previous month, reversing a modest 0.4% increase in October. Over the first eleven months of the year, industrial production was 3.5% lower than in the same period last year.
