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Country Report Hungary Product Image

Country Report Hungary

  • Published: September 2014
  • Region: Hungary
  • 27 Pages
  • The Economist Intelligence Unit

Manufacturing purchasing managers' indices (PMI) for central Europe all fell in August. In Poland the PMI fell to 49, marking a second consecutive month in contractionary territory (anything above 50 indicates expansion). Meanwhile, the Czech and Hungarian indices fell to 54.3 (from 56.5 in July) and 51.7 (from 56.7) respectively.

The Czech and Polish data were compiled by Markit and HSBC, whereas the Hungarian numbers (which use a different methodology) were published by the Hungarian Association of Logistics, Purchasing and Inventory Management. Hungary's PMI (which tends to be more volatile than those for the Czech Republic and Poland) fell by 5 points compared with July, the biggest monthly fall of the three countries. The Czech PMI fell by 2.2 points, whereas the Polish reading dropped by 0.4 points.

For Hungary and the Czech Republic, the falls in August marked a sharp reversal, with both countries' PMIs having risen strongly in July. This indicates that sentiment in these two countries is being affected by the Ukraine crisis, the slowdown in the Russian economy, and the weakness of economic activity in the euro zone. The August PMI data is the first to take into READ MORE >

Country Report Hungary

Central Europe PMIs slide in August
Impact on the forecast

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