Hungary Manufacturing Growth Edges Lower in August

Hungary’s Manufacturing PMI edged down to 51.3 in August 2026 from 51.4 in July, remaining above the 50-point threshold that separates expansion from contraction. The reading fell below its long-term monthly average of 52.7 but remained above the average August level of 49.7 recorded over the past three years, indicating continued growth in manufacturing activity despite a slower pace. The moderation reflected weaker new orders, although they remained in expansion territory, while production volumes fell from the previous month but continued to expand. Meanwhile, the purchase price index eased but continued to signal a strong rise in input costs. The employment index edged down but remained in expansion, while both export and import indicators also pointed to continued growth.

Hungary's Manufacturing PMI edged down to 51.4 in July 2026 from an upwardly revised 51.6 in the previous month, remaining above the 50-point threshold that separates expansion from contraction. The reading stayed below its long-term monthly average of 52.6 but exceeded the average July level of 48.9 recorded over the past three years, indicating continued growth in manufacturing activity despite a slower pace. The moderation was driven by weaker new orders, although they remained in expansion territory, while production volumes increased slightly from June. Meanwhile, the purchase price index eased but continued to signal a strong rise in input costs. The employment index strengthened and remained in expansion, with both export and import indicators also pointing to continued growth.

The HALPIN Manufacturing PMI rose to 51.5 in June 2026 from 50.2 in the previous month, marking its highest level since December 2025, though it remained below its long-term monthly average of 52.6. The reading also exceeded the average June level of 50.0 recorded over the past three years, signaling a faster expansion in manufacturing activity compared with the previous month. Growth was driven by stronger new orders and higher production volumes, both of which remained in expansion territory. On the other hand, the purchase price index eased but continued to indicate a marked increase in input costs. The employment index stayed in contraction, while both export and import indicators pointed to continued expansion.