The Manufacturing PMI for Hungary fell to 48.8 in September of 2020 from 52.3 in August, pointing to a reverse in the growth trend seen in the last two months. The September figure was the lowest reading for the month in over two decades. It is also below the long-term average of 52.8 and the average of 55.7 registered in the same month of the past three years. Production volumes and new orders slowed, purchased stocks also fell, while the employment indicator dipped once again.
Manufacturing Pmi in Hungary averaged 52.38 points from 1995 until 2020, reaching an all time high of 61.19 points in May of 2017 and a record low of 28.95 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 October of 2020.
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. Looking forward, we estimate Manufacturing Pmi in Hungary to stand at 53.50 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.