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.

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Hungary Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.00 40.70 61.10 28.50 1995 - 2020 points Monthly
SA


News Stream
Hungary Factory Activity Contracts at a Softer Pace
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.
2020-07-01
Hungary Factory Activity Remains Weak in May
Hungary’s HALPIM Manufacturing PMI increased to 40.3 in May 2020 from 33.6 in the previous month. Still, the reading pointed to a sharp contraction in factory activity amid the coronavirus crisis. Output and new orders continued to shrink, albeit at a softer pace. The index of purchased stocks fell for the fourth consecutive month, while the employment indicator pointed to continued labour market weakness. The import indicator and export indicators both stayed far below 50 points.
2020-06-02
Hungary Manufacturing PMI Nears Record Low in April
Hungary’s HALPIM Manufacturing PMI rose marginally to 33.6 in April of 2020 from a record low of 28.5 in the previous month, but still pointing to a deep contraction in the country's manufacturing sector hit by lockdown measures to contain the spread of coronavirus. Output and new orders continued to decline, though slightly less. Meanwhile, the index of purchased stocks and that of employment fell further. The import indicator and the export indicator both stayed far below 50.
2020-05-04
Hungary Manufacturing PMI at Record Low
Hungary’s HALPIM Manufacturing PMI plunged to a record low of 29.1 in March 2020 from an upwardly revised 50.3 in the previous month. New orders fell to their lowest March levels since measurement began in 1995, the index of purchased stocks decreased at a faster rate for the first time in 38 months; and employment also fell. The import indicator and the export indicator both fell below 50.
2020-04-01

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.