FX.co ★ Hungary Manufacturing PMI Climbs to 2½-Year High

Hungary's manufacturing sector experienced a significant upswing in November 2025, as the seasonally adjusted Purchasing Managers' Index (PMI) climbed to 53.4, up from a revised 51.2 in October. This signifies the most robust expansion in the nation's factory operations since May 2023. The growth was comprehensive, with increases noted in both new orders and production volumes. Employment levels also saw improvement, returning to expansionary territory with the index exceeding the benchmark of 50. Meanwhile, purchase prices escalated, indicative of heightened input costs. Furthermore, both export and import indices reported expansion. Nearly all components of the index showed advances from October, reflecting a sustained recovery post the summer downswings. Notably, November's figure surpassed the three-year average for the month, set at 50.9, underscoring a revival in manufacturing amidst previous periods of sluggish growth and inflationary challenges.