The HALPIN Manufacturing PMI fell to 50.2 in May 2026 from a downwardly revised 50.4 in the previous month, marking its lowest level since January and remaining below its long-term monthly average of 52.6. Growth in new orders and production eased during the month, accompanied by softer export demand. Purchasing activity remained on an upward trend, albeit at a slower pace, and inventory levels continued to rise. Meanwhile, employment showed signs of recovery after weakening in the prior month, indicating a modest improvement in hiring conditions. Input costs also continued to increase sharply, although the pace of price growth eased compared with April. Supplier delivery times remained under pressure, signaling ongoing supply chain challenges. Overall, manufacturing activity stayed in expansion territory but remained below the historical average for May, reflecting a more subdued pace of growth across the sector. source: HALPIM

Manufacturing PMI in Hungary decreased to 50.20 points in May from 50.40 points in April of 2026. Manufacturing PMI in Hungary averaged 52.38 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 50.20 points in May from 50.40 points in April 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 51.80 points in 2027 and 52.40 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -8.80 -8.50 points May 2026
Capacity Utilization 76.90 76.10 percent Jun 2026
Car Registrations 11832.00 17443.00 Units Apr 2026
Changes in Inventories -1223331.00 985045.00 HUF Million Mar 2026
Corruption Index 40.00 41.00 Points Dec 2025
Corruption Rank 84.00 82.00 Dec 2025
Electricity Production 3222.36 2814.10 Gigawatt-hour Mar 2026
Industrial Production YoY 6.70 -0.90 percent Mar 2026
Industrial Production Mom 3.10 -1.80 percent Mar 2026
Manufacturing Production 7.00 -0.30 percent Mar 2026
Mining Production 7.50 -11.40 percent Mar 2026
Natural Gas Stocks Capacity 67.71 67.71 TWh Jun 2026
Natural Gas Stocks Injection 42.78 163.72 GWh/d Jun 2026
Natural Gas Stocks Inventory 29.92 29.89 TWh Jun 2026
Natural Gas Stocks Withdrawal 8.70 0.00 GWh/d Jun 2026
New Orders 111.60 109.10 points Mar 2026
New Car Registrations YoY 9.70 32.20 percent Apr 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 Factory Activity at 4-Month Low
The HALPIN Manufacturing PMI fell to 50.2 in May 2026 from a downwardly revised 50.4 in the previous month, marking its lowest level since January and remaining below its long-term monthly average of 52.6. Growth in new orders and production eased during the month, accompanied by softer export demand. Purchasing activity remained on an upward trend, albeit at a slower pace, and inventory levels continued to rise. Meanwhile, employment showed signs of recovery after weakening in the prior month, indicating a modest improvement in hiring conditions. Input costs also continued to increase sharply, although the pace of price growth eased compared with April. Supplier delivery times remained under pressure, signaling ongoing supply chain challenges. Overall, manufacturing activity stayed in expansion territory but remained below the historical average for May, reflecting a more subdued pace of growth across the sector.
2026-06-01
Hungary Factory Activity Sees Improvement in April
The HALPIN Manufacturing PMI rose to 50.5 in April 2026 from a downwardly revised 50.3 in the previous month, remaining below its long-term monthly average of 52.6. The sector recorded a slight expansion, as new orders continued to grow, supported by a moderate increase in order backlogs. Production also strengthened, and purchasing activity remained in expansion territory. External demand showed improvement, with both export and import indices increasing. However, employment conditions weakened further, remaining firmly in contraction and signaling ongoing labor market softness in the sector. Supplier performance also deteriorated, pointing to continued shortening of delivery times. Price pressures intensified notably during the month, marking the largest monthly increase among all components.
2026-05-05
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