Hungary’s industrial production increased 4.7% year-on-year in July 2026, easing from a 10.1% rise in June, the strongest annual growth since September 2022. Production declined across most manufacturing sub-sectors compared with a year earlier, although vehicle manufacturing and computer, electronic and optical product manufacturing expanded. Electrical equipment and food, beverage and tobacco production contracted. On a seasonally and working-day adjusted monthly basis, output rose 1.7% in July, reversing a 1.3% decline in the preceding period. Industrial activity for January through July was 2.7% higher than in the corresponding period a year earlier.