Hungary’s HALPIM Manufacturing PMI rose to 57.9 in May of 2019 from an upwardly revised 55.2 in the previous month and well the long-term average of 52.7. Production, new orders, purchased stocks, imports and exports all increased in April while employment dropped. 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 53.10 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 54.00 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.