FX.co ★ Hungary Factory Activity at 3-Month Low

In April 2025, the HALPIM Manufacturing PMI experienced a decline to 50.2, following an upward adjustment to 51.4 in March. This represented the sixth successive month of expansion, though it unfolded at the slowest rate since January. The index not only trailed its long-term monthly average but also fell short of the typical April values recorded over the preceding three years. New orders remained in positive territory, while the employment index demonstrated accelerated growth. On the pricing side, input costs saw a decrease, indicating a tempering of price pressures. Simultaneously, signals of weakening emerged in external demand, with the export index falling below the critical 50-point mark, notwithstanding that the import index stayed above it.