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2025-11-03 16:26:09
[Hungary's PMI Falls to 51.0, Below Long-Term Average] ⑴ Hungary's seasonally adjusted Purchasing Managers' Index (PMI) fell to 51.0 in October, down from the revised September figure of 51.6, and remains below the long-term average of 52.3. ⑵ The index is still higher than the average of 50.3 for the same period over the past three years, a period during which the surge in inflation triggered by the Russia-Ukraine conflict in 2022 led to a significant slowdown in Hungary's economic growth, culminating in a recession in 2023. ⑶ A statement from the Logistics Purchasing and Inventory Management Association indicated that surveyed companies reported a slower pace of expansion in the manufacturing sector in October compared to the previous month. ⑷ While the new orders index declined, it remained within the expansionary range. ⑸ Employment indicators rebounded and climbed back above the 50-point threshold, while purchasing inventory and import indices rose compared to September, and the export index declined.
