The HALPIM Manufacturing PMI fell to 50.4 in March 2026 from a downwardly revised 51.2 in the previous month and remained below its long-term monthly average of 52.6. Growth remained uneven across components, as new orders and production continued to expand but at a slower pace, while employment and supplier delivery times held in contraction territory. External demand softened slightly, with both import and export indices declining, while inventories of both purchased inputs and finished goods increased modestly. Notably, purchase prices surged sharply, marking the strongest monthly change and pointing to intensifying cost pressures. Overall, most indices continued in expansion but hovered near the threshold, pointing to continued but fragile growth. source: HALPIM

Manufacturing PMI in Hungary decreased to 50.40 points in March from 51.20 points in February of 2026. Manufacturing PMI in Hungary averaged 52.39 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 50.40 points in March from 51.20 points in February of 2026. Manufacturing PMI in Hungary is expected to be 51.50 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 -11.90 -11.20 points Mar 2026
Capacity Utilization 76.10 75.10 percent Mar 2026
Car Registrations 10729.00 8287.00 Units Feb 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 3175.42 2827.63 Gigawatt-hour Jan 2026
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 Apr 2026
Natural Gas Stocks Injection 17.10 8.26 GWh/d Apr 2026
Natural Gas Stocks Inventory 22.02 22.01 TWh Apr 2026
Natural Gas Stocks Withdrawal 15.20 66.00 GWh/d Apr 2026
New Orders 105.20 127.70 points Jan 2026
New Car Registrations YoY 1.40 -9.20 percent Feb 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 Growth Moderates in March
The HALPIM Manufacturing PMI fell to 50.4 in March 2026 from a downwardly revised 51.2 in the previous month and remained below its long-term monthly average of 52.6. Growth remained uneven across components, as new orders and production continued to expand but at a slower pace, while employment and supplier delivery times held in contraction territory. External demand softened slightly, with both import and export indices declining, while inventories of both purchased inputs and finished goods increased modestly. Notably, purchase prices surged sharply, marking the strongest monthly change and pointing to intensifying cost pressures. Overall, most indices continued in expansion but hovered near the threshold, pointing to continued but fragile growth.
2026-04-01
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