Hungary’s HALPIM Manufacturing PMI fell to 54 in January of 2019 from an upwardly revised 54.3 in the previous month. The PMI exceeded the long-term average of 52.3, but was below the past three years' average of 55.8. Production, new orders, stocks and employment all rose. Manufacturing Pmi in Hungary averaged 52.58 from 1995 until 2019, reaching an all time high of 61.99 in May of 2017 and a record low of 37.19 in January of 2009.
Manufacturing Pmi in Hungary is expected to be 53.30 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 53.20 in 12 months time. In the long-term, the Hungary Manufacturing PMI is projected to trend around 52.50 in 2020, according to our econometric models.