The HALPIM Manufacturing PMI rose to 51.3 in February 2026, following an upwardly revised 50 in January, signaling a moderate expansion in the sector after a period of weakness in mid-2025. The index, however, remained below its long-term monthly average of 52.6, reflecting steady but subdued industrial activity. New orders and production volumes picked up, supporting a rebound in manufacturing output, while export and import indicators expanded, remaining above the 50-point threshold separating growth from contraction. However, employment continued in contraction territory, highlighting persistent weakness in labor demand, and purchase prices climbed sharply, reflecting rising input costs for manufacturers. Overall, activity remained below long-term norms, with growth momentum moderate and measured. source: HALPIM

Manufacturing PMI in Hungary increased to 51.30 points in February from 50 points in January of 2026. Manufacturing PMI in Hungary averaged 52.40 points from 1995 until 2026, reaching an all time high of 61.56 points in April of 2023 and a record low of 30.27 points in March of 2020. This page provides the latest reported value for - Hungary Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Hungary increased to 51.30 points in February from 50 points in January of 2026. Manufacturing PMI in Hungary is expected to be 53.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Manufacturing PMI is projected to trend around 52.00 points in 2027 and 52.30 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -11.20 -11.50 points Feb 2026
Capacity Utilization 76.10 75.10 percent Mar 2026
Car Registrations 8287.00 11930.00 Units Jan 2026
Changes in Inventories 861927.00 450629.00 HUF Million Dec 2025
Corruption Index 40.00 41.00 Points Dec 2025
Corruption Rank 84.00 82.00 Dec 2025
Electricity Production 2827.63 2852.57 Gigawatt-hour Dec 2025
Industrial Production YoY -2.50 1.80 percent Jan 2026
Industrial Production Mom 1.50 1.00 percent Jan 2026
Manufacturing Production -2.60 3.90 percent Jan 2026
Mining Production -45.20 -18.40 percent Jan 2026
Natural Gas Stocks Capacity 67.99 67.99 TWh Mar 2026
Natural Gas Stocks Injection 28.42 21.01 GWh/d Mar 2026
Natural Gas Stocks Inventory 23.03 23.01 TWh Mar 2026
Natural Gas Stocks Withdrawal 9.90 49.20 GWh/d Mar 2026
New Orders 105.20 127.70 points Jan 2026
New Car Registrations YoY -9.20 0.40 percent Jan 2026


Hungary Manufacturing PMI
In Hungary, the HALPIM (Hungarian Association of Logistics, Purchasing and Inventory Management) Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of executive managers in charge of purchasing at manufacturing enterprises. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Production (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Inventories (10 percent). A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

News Stream
Hungary Manufacturing PMI Sees Improvement in February
The HALPIM Manufacturing PMI rose to 51.3 in February 2026, following an upwardly revised 50 in January, signaling a moderate expansion in the sector after a period of weakness in mid-2025. The index, however, remained below its long-term monthly average of 52.6, reflecting steady but subdued industrial activity. New orders and production volumes picked up, supporting a rebound in manufacturing output, while export and import indicators expanded, remaining above the 50-point threshold separating growth from contraction. However, employment continued in contraction territory, highlighting persistent weakness in labor demand, and purchase prices climbed sharply, reflecting rising input costs for manufacturers. Overall, activity remained below long-term norms, with growth momentum moderate and measured.
2026-03-02
Hungary Manufacturing PMI Returns to Contraction
The HALPIM Manufacturing PMI fell to 49.3 in January 2026, following an upwardly revised over two-year high of 54 in the previous month, marking a return to contraction after four consecutive months of expansion and signaling a notable slowdown in industrial activity at the start of the year. The decline pushed the index below both its long-term monthly average of 52.6 and the three-year average for January of 49.8. New orders fell sharply, while production volumes also declined, reflecting one of the weakest January performances in decades. Employment edged into contraction, highlighting broad weakness in the sector. Export and import activity softened as well, although both remained marginally above the 50-point threshold separating growth from contraction.
2026-02-02
Hungary Manufacturing PMI Remains Firm in December
Hungary’s seasonally adjusted manufacturing PMI inched up to 53.7 in December 2025 from an upwardly revised 53.6 in November, remaining firmly above the long-term average of 52.3 and signaling continued expansion. The December reading also marked the highest reading since May 2023 and exceeded the average for the month over the past three years, a period marked by slowing growth, high inflation after Russia’s 2022 invasion of Ukraine, and a recession in 2023 that left the economy largely stagnant. Most index components rose month-on-month, with new orders increasing and staying in expansion, while the employment index climbed above the 50-point mark, indicating growth in factory jobs. Purchase prices rose, reflecting higher input costs, and both export and import indices showed growth, pointing to improving trade conditions.
2026-01-05