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. source: HALPIM

Manufacturing PMI in Hungary decreased to 49.30 points in January from 54 points in December of 2025. 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 decreased to 49.30 points in January from 54 points in December of 2025. 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 -11.50 -7.90 points Jan 2026
Capacity Utilization 76.10 75.10 percent Mar 2026
Car Registrations 11930.00 10754.00 Units Dec 2025
Changes in Inventories 617209.00 -175193.00 HUF Million Sep 2025
Corruption Index 41.00 42.00 Points Dec 2024
Corruption Rank 82.00 76.00 Dec 2024
Electricity Production 2852.57 3375.31 Gigawatt-hour Nov 2025
Industrial Production YoY -5.40 -2.70 percent Nov 2025
Industrial Production Mom -2.00 0.40 percent Nov 2025
Manufacturing Production -5.70 -2.90 percent Nov 2025
Mining Production -11.80 2.00 percent Nov 2025
Natural Gas Stocks Capacity 67.99 67.99 TWh Jan 2026
Natural Gas Stocks Injection 0.24 0.48 GWh/d Jan 2026
Natural Gas Stocks Inventory 30.05 30.30 TWh Jan 2026
Natural Gas Stocks Withdrawal 251.80 250.10 GWh/d Jan 2026
New Orders 96.30 100.60 points Nov 2025
New Car Registrations YoY 0.40 1.00 percent Dec 2025


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 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
Hungary Manufacturing PMI Climbs to 2½-Year High
Hungary’s seasonally adjusted manufacturing PMI rose to 53.4 in November 2025 from a revised 51.2 in October, signaling the strongest expansion in the country’s factory activity since May 2023. Growth was broad-based, with both new orders and production rising, while employment returned to expansion with the index above 50. Purchase prices increased, reflecting higher input costs, and both export and import indices showed expansion. Most index components improved from October, marking a continued recovery after summer contractions. The November reading also exceeded the three-year average for the month of 50.9, highlighting a rebound in manufacturing compared with past periods of slower growth and inflationary pressures.
2025-12-01