ADVERTISEMENT

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.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Budapest bike-sharing scheme expands in District XI City

Budapest bike-sharing scheme expands in District XI

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.