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. Manufacturing Pmi in Hungary averaged 52.61 from 1995 until 2019, reaching an all time high of 62 in May of 2017 and a record low of 37.20 in January of 2009.
Manufacturing Pmi in Hungary is expected to be 55.20 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 54.50 in 12 months time. In the long-term, the Hungary Manufacturing PMI is projected to trend around 54.50 in 2020, according to our econometric models.