Industrial production in Hungary fell 0.4% year-on-year in May 2026, confirming preliminary estimates and reversing a 0.9% increase in the previous month. Manufacturing output, which accounts for 96% of total industrial production, was flat after rising 0.9% in April. Most manufacturing subsectors remained in decline, led by food, beverages and tobacco (-4.5% vs -1.6%), rubber, plastics and non-metallic mineral products (-4.9% vs -4.0%), and electrical equipment (-5.3% vs -1.5%). Meanwhile, output in electricity, gas, steam and air conditioning supply also fell (-9.6% vs 0.2%), while mining and quarrying production continued to grow, albeit at a slower pace (47.0% vs 72.1%). On a seasonally and working-day adjusted basis, industrial output rose 2.3% in May, rebounding from a 1.1% decline in April.