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HUNGARY PMI RISES TO 55.7 IN FEBRUARY

 

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 55.7 in February from 54.7 in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. Among the sub-indices that comprise the PMI, the new orders index rose slightly and remained over the 50 threshold. The production volume index was higher and continued to show expansion. The employment index also continued to show growth, but declined from January. Delivery times were longer in February. Purchased inventories climbed for the sixth month in a row.