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Hungary Manufacturing Purchasing Managers Index (PMI)
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Latest Release
Apr 02, 2024
Actual52.3
Previous52.3
The PMI is a composite index based on the diffusion indexes for the following five indicators, with varying judgmental weights applied: new orders - 30 percent; production - 25 percent, employment - 20 percent, supplier deliveries - 15 percent and inventories - 10 percent.Diffusion indexes are convenient summary measures showing the prevailing direction of change and the scope of change. They fluctuate from 0-100%. For any of the business survey indicators, an index reading of 50% indicates no change in the aggregate series being measured, because an equal number of committee members reported increases and decreases. An index reading above 50% indicates that the economy, or that indicator of the economy, is generally expanding and below 50%, generally declining.A higher than expected reading should be taken as positive/bullish for the HUF , while a lower than expected reading should be taken as negative/bearish for the HUF.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| May 02, 2024 (Apr) | 08:00 | 52.3 | |||
| Apr 02, 2024 (Mar) | 08:00 | 52.3 | 52.3 | ||
| Mar 01, 2024 (Feb) | 09:00 | 52.2 | 50.1 | ||
| Feb 01, 2024 (Jan) | 09:00 | 49.9 | 51.0 | ||
| Jan 02, 2024 (Dec) | 09:00 | 52.8 | 52.0 | ||
| Dec 01, 2023 (Nov) | 09:00 | 52.2 | 52.3 |
Analysis
Key Events in Developed Markets and EMEA Next Week
By ING Economic and Financial Analysis - Nov 24, 2023
US: Closely following the ISM manufacturing index for any signs of a rebound Eurozone: Core inflation to continue improving to 4% Poland: We forecast a further decline in core inflation Hungary:...
Manufacturing PMI Discussion
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