Manufacturing PMI in Hungary increased to 55.63 points in July from 54.98 points in June of 2021. source: HALPIM

Manufacturing PMI in Hungary averaged 52.38 points from 1995 until 2021, reaching an all time high of 61.04 points in May of 2017 and a record low of 30.50 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. Hungary Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Manufacturing PMI in Hungary is expected to be 51.90 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 52.80 points in 2022 and 52.50 points in 2023, according to our econometric models.

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Hungary Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.63 54.98 61.04 30.50 1995 - 2021 points Monthly

News Stream
Hungary Factory Activity Growth Fastest since 2019
The HALPIM Manufacturing PMI for Hungary rose to 54.7 in June of 2021 from an upwardly revised 53.1 in the previous month, above the long-term average. The latest reading pointed to the third straight expansion in the manufacturing sector and at the quickest pace since May of 2019. Production volumes rose further and new orders also increased, scaling their highest levels for the month since 1995. Employment also went up for the second straight month. The import declined but remained in positive territory, while the export indicator rose for the fourth consecutive month.
Hungary Factory Activity Rebounds in April
Hungary’s HALPIM Manufacturing PMI rose to 50.8 in April of 2021 from an upwardly revised 48.8 in the previous month. Still, the figure was below the long-term average of and the average registered in the same month of the past three years. Production volumes expanded and new orders grew further. Both indicators were above average in the top five such April readings in the past 25 years. Meantime, employment decreased, after several months' growth; and both the import and export indicators fell to contraction territory.
Hungary Factory Activity Shrinks the Most in 6 Months
The HALPIM Manufacturing PMI for Hungary fell to 48.7 in March of 2021 from a downwardly revised 49 in the previous month. The latest reading pointed to the second straight contraction in the manufacturing sector and at the quickest pace since last September. March lead times posted the worst monthly reading on record, reflecting lingering disruptions related to the Covid-19 pandemic. At the same time, new order growth slowed despite a rebound in production and employment. The import and export indicators also rose into expansion territory.
Hungary Manufacturing Sector Falls into Contraction
The HALPIM Manufacturing PMI for Hungary fell to 49.4 in February 2021, down from a near two-year high of 54.5 in the previous month, signaling a contraction in the manufacturing sector. Production declined for the first time in eight months, while new order growth slowed. The import and export indicators also dropped into contraction territory.

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.