The seasonally-adjusted PMI in Hungary fell to 51.5 in May of 2022 from 58.9 in April, pointing to the slowest growth in factory activity in four months. The reading fell short of the long-term monthly average of 52.1 but exceeded an average reading of 51 in the same month of the past three years. Sub-components of the index are showing a mixed picture overall. Production volumes fell from April but remained above the 50-point mark. New orders also retreated but remained above the 50-point threshold, posting its strongest reading for the month since 1995. Lead times grew from April, posting its weakest monthly reading since 1995. Purchase prices increased further and stayed at the 50-point threshold, posting its highest monthly reading since 1995. The import and export indicators both declined from the previous month, but both remained above the 50-point mark. source: HALPIM
Manufacturing PMI in Hungary averaged 52.46 points from 1995 until 2022, reaching an all time high of 66.01 points in December of 2021 and a record low of 29.63 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 June of 2022.
Manufacturing PMI in Hungary is expected to be 53.20 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 2023 and 52.50 points in 2024, according to our econometric models.