Hungary’s HALPIM Manufacturing PMI decreased to 52.4 in March 2019 from a downwardly revised 55.5 in the previous month. The reading pointed to the slowest expansion in factory activity since December 2016, as output and new orders grew less. Meanwhile, employment and purchased stocks went up faster. Manufacturing Pmi in Hungary averaged 52.58 from 1995 until 2019, reaching an all time high of 62.01 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.