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Hungary PMI edges down, but still over 50

Pharma

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 54.0 in February from 55.9 in January, but was still well over the 50 threshold between contraction and expansion, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Friday. Among the sub-indices that comprise the PMI, the new orders index “rose moderately” and showed growing new order stock for the fourth time in six months. The production volume index rose and showed an expansion, as in January. The employment index also climbed in February, after crossing the 50 threshold in January. Delivery times were longer in February, and the pace of the index's decline accelerated. Purchased stocks were up in February.

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