FX.co ★ Hungary Manufacturing PMI Sees Improvement in February

The HALPIM Manufacturing PMI rose to 51.3 in February 2026, up from a revised 50.0 in January, indicating a moderate expansion in the sector after a period of weakness in mid-2025. The index remained below its long-term monthly average of 52.6, pointing to steady but muted industrial activity. Both new orders and production increased, underpinning a rebound in manufacturing output, while export and import measures also expanded, staying above the 50-point level that separates growth from contraction. However, employment stayed in contraction territory, underscoring continued softness in labor demand, and purchase prices rose sharply, signaling higher input costs for manufacturers. Overall, activity remained below long-run norms, with growth momentum moderate and contained.