Hungary’s HALPIM Manufacturing PMI increased to 47 in June 2020 from 40.3 in the previous month, pointing to the weakest contraction in factory activity in four months amid the easing of coronavirus lockdown restrictions. Output shrank at a softer pace in four months and new orders declined at a slower rate. Also, the index of purchased stocks dropped for the fifth time after thirty-seven months of expansion. The job shedding rate slowed to an eight-month low while delivery lead times continued to lengthen.
Manufacturing Pmi in Hungary averaged 52.39 points from 1995 until 2020, reaching an all time high of 61.10 points in May of 2017 and a record low of 28.50 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 July of 2020.
Manufacturing Pmi in Hungary is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Hungary to stand at 50.80 in 12 months time. In the long-term, the Hungary Manufacturing PMI is projected to trend around 52.00 points in 2021 and 52.50 points in 2022, according to our econometric models.