The structural change of manufacturing in Hungary, 2008–2014

After the financial crisis of 2008, there was an increased focus on industrial restructuring and reindustrialization in many countries including Hungary. In our study, with the adaptation of Tregenna’s method, we analyze the transformation of the structure of Hungarian manufacturing based on employment and gross value added, considering the 13 manufacturing sub-sections from 2008 to 2014. We classify the sub-sections into growing, stagnating and weakening groups. Following the analysis of the sub-section groups, we also describe the changes of particular background factors, such as investments, export, foreign direct investment and the composition of employment.*