ADVERTISEMENT

Hungary PMI rises to 55.7 in February

Analysis

Hungaryʼs 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 on Friday.

Among the sub-indices that comprise the PMI, the new orders index rose slightly and remained over the 50 threshold, state news wire MTI reported.

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, while purchased inventories climbed for the sixth month in a row.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, MTI noted.

ADVERTISEMENT

PMI edges down to 52.2 in November Analysis

PMI edges down to 52.2 in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.