The volume of industrial production lagged behind the one year earlier level by 8.7% in February 2025, based on working-day adjusted data, declined by 8.0%. Production dropped in every manufacturing subsection, at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day adjusted data, industrial output was 1.3% lower than in January 2025.
In February 2025 the volume of industrial production decreased by 8.7% compared to the same period of the previous year. (Compared to the February data published in the first estimate, the data in the second estimate did not change.)
Industrial output in February – according to seasonally and working-day adjusted indices – was 1.3% below the level of the previous month.
The volume of industrial export was 5.5% lower than a year earlier. The manufacture of transport equipment export, representing a 34% weight within export sales in manufacturing fell by 9.4%, while the manufacture of computer, electronic and optical products export, accounting for a 13% weight, rose by 0.3%.
Domestic sales of industry decreased by 2.0%, those of manufacturing declined by 8.8% compared to the same month of the previous year.
Within industry, production dropped by 9.5% in the decisive weight (95%) representing manufacturing, it decreased by 4.4% in the small weight representing mining and quarrying, at the same time output grew by 12.3% in the energy industry (electricity, gas, steam and air-conditioning supply).
Output volume in the largest weight representing manufacture of transport equipment, having a 28% share in manufacturing, fell by 10.4% compared to the same month of the previous year. Motor vehicles manufacturing dropped by 14.1%, the manufacture of parts and accessories for motor vehicles declined by 8.3%.
The manufacture of computer, electronic and optical products, accounting for 10% within manufacturing output decreased – least of all among the subsections –by 0.6%. Considering the two largest groups, the manufacture of electronic components and boards declined by 6.3%, the manufacture of computers and peripheral equipment rose by 1.0%.
The manufacture of electrical equipment, representing an 8.9% weight in manufacturing lagged behind the most among the subsections, by 24%, year-on-year. In the two largest weight representing groups production volume in the manufacture of batteries and accumulators fell by 37%, in the manufacture of electric motors, generators, transformers and electricity distribution and control apparatus dropped by 17.1%.
The manufacture of food products, beverages and tobacco products, having a 12% share in manufacturing, was 5.8% lower than in the same month of the previous year, due to a decrease in both domestic and export sales. Processing and preserving meat and the production of meat products, representing the largest weight (23%), declined by 1.8% compared to February of the previous year. Production decreased between 0.5% and 25% in six other groups, too, least of all in the manufacture of grain mill products, starches and starch products, most of all in the manufacture of vegetable and animal oils and fats. Output grew between 2.9% and 37% in the other four groups, at the highest rate in processing and preserving of fish, crustaceans and molluscs, having a very small weight, least of all in the manufacture of bakery and farinaceous products.
Out of the two medium weight representing subsections the manufacture of rubber and plastics products and other non-metallic mineral products declined by 5.5%, the manufacture of basic metals and fabricated metal products, except machinery and equipment dropped by 15.8% year-on-year.
Following the previous four months’ growth, the manufacture of chemicals and chemical products, accounting for a 5.6% weight within manufacturing, was 2.5% lower than a year earlier, domestic sales dropped, export ones rose.
Similarly to the previous month the manufacture of machinery and equipment n.e.c. fell by 9.6% compared to February 2024, decreases were recorded in the great majority of classes.
Industrial production grew only in the Northern Great Plain (by 0.8%). In the other regions volume decreases between 5.5% and 17.2% were recorded, the highest one in Pest region.
The volume of total new orders in the observed divisions of manufacturing was 26% lower compared to February 2024. New domestic orders fell by 9.8%, new export orders dropped by 28%. The total stock of orders at the end of February was below the previous year’s level by 9.6%.
In January–February 2025, compared to the same period of the previous year industrial production decreased by 6.4%. The volume of export sales, representing 63% of all sales declined by 0.2%, domestic sales accounting for 37% of all sales dropped by 2.9%.
Out of the thirteen manufacturing subsections production declined in ten, to the greatest extent, by 27% in the manufacture of electrical equipment. The output of the manufacture of transport equipment, the largest subsection, fell by 7.0%. In the other subsections volume rose between 4.2% and 6.8%, at the highest rate in the manufacture of computer, electronic and optical products.
