Hungary’s HALPIM Manufacturing PMI rose to 53.9 in December of 2019 from an upwardly revised 53.1 in the previous month. The reading pointed to the fastest expansion in factory activity since June, as output continued to increase while purchased stocks rose for the fifth straight month. Meanwhile, employment declined in December while the delivery lead time was longer than in November.

Manufacturing Pmi in Hungary averaged 52.61 points from 1995 until 2019, reaching an all time high of 61.20 points in May of 2017 and a record low of 37.20 points in January of 2009. 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 is expected to be 54.00 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 52.60 in 12 months time. In the long-term, the Hungary Manufacturing PMI is projected to trend around 52.50 points in 2020, according to our econometric models.

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Hungary Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.90 53.10 61.20 37.20 1995 - 2019 points Monthly

News Stream
Hungary Manufacturing PMI at 5-Month High
Hungary’s HALPIM Manufacturing PMI rose to 53.0 in November 2019 from an upwardly revised 52.0 in the previous month. The reading pointed to the fastest expansion in factory activity since June, as purchased stocks rose slightly for the fourth straight month and employment grew, following a contraction in the previous month. Meanwhile, output and new orders increased at a slower pace.

Hungary Manufacturing PMI Edges Up
Hungary’s HALPIM Manufacturing PMI increased to 51.9 in October 2019 from a dowanwardly revised 51.7 in the previous month, as output and new orders continued to rise. Also, purchased inventories went up slightly for the third straight month. In contrast, employment decreased, after four consecutive months of expansion.

Hungary Manufacturing PMI Drops in September
Hungary’s HALPIM Manufacturing PMI decreased to 51.8 in September from 52.6 in the previous month, as output rose at a softer pace. Meanwhile, new orders, employment and purchases inventories advanced further. At the same time, the export indicator increased less than in the previous month while the import indicator declined, ending a more than three-year period of expansion.

Hungary Factory Activity Growth Accelerates
Hungary’s HALPIM Manufacturing PMI rose to 52.6 in August of 2019 from a downwardly revised 51.2 in the previous month. All major components increased from last month: new orders, production volumes, purchased stocks and employment. Also, the export and import indicators both increased from the previous month.

Hungary Factory Activity Growth Weakest in Over 3 Years
Hungary’s HALPIM Manufacturing PMI declined to 51.3 in July of 2019 from a downwardly revised 54.1 in the previous month. The reading pointed to the slowest expansion in factory activity since May of 2016, as all components retreated from June, including two measures falling by over four percentage points. Production volumes and new orders fell. While remaining above the 50-point watershed, the publisher said both measures were below-average last month, with the July new orders reading coming in as the sixth-lowest for the month since 1995. The index of purchased stocks dropped slightly, ending a 10-month period of expansion. The employment indicator rose, posting the seventh-highest monthly reading since 1995. The export and import indicators both fell from the previous month.

Hungary Factory Activity Growth Slows to 3-Month Low
Hungary’s HALPIM Manufacturing PMI decreased to 54.4 in June of 2019 from 57.9 in the previous month, the lowest since March but above the long-term average of 52.5. Production, new orders, imports and exports all decreased but stayed in expansion territory. At the same time, purchased stocks and employment continued to rise.

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.

Hungary Business Last Previous Highest Lowest Unit
Business Confidence 1.50 7.00 17.30 -37.70 points [+]
Industrial Production 3.60 6.10 23.50 -28.99 percent [+]
Industrial Production Mom -1.00 -0.40 16.60 -13.10 percent [+]
Manufacturing Production 4.20 6.10 34.80 -31.40 percent [+]
New Orders 105.40 100.90 266.90 50.30 points [+]
Changes in Inventories -110544.00 -356875.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 16139.00 14215.00 21340.00 2425.00 [+]
Internet Speed 14814.21 14300.93 14814.21 2884.96 KBps [+]
IP Addresses 2456014.00 2513970.00 2810081.00 1052005.00 IP [+]
Manufacturing Pmi 53.90 53.10 61.20 37.20 points [+]
Mining Production -4.00 8.40 138.30 -50.00 percent [+]
Steel Production 163.00 141.00 272.00 37.00 Thousand Tonnes [+]
Competitiveness Index 65.08 64.31 65.08 4.21 Points [+]
Competitiveness Rank 47.00 48.00 63.00 38.00 [+]
Capacity Utilization 80.20 84.00 87.90 67.80 percent [+]
Ease of Doing Business 52.00 53.00 54.00 40.00 [+]
Electricity Production 2944.00 3219.00 3727.00 1974.00 Gigawatt-hour [+]
Corruption Index 44.00 46.00 55.00 41.20 Points [+]
Corruption Rank 70.00 64.00 70.00 28.00 [+]