ADVERTISEMENT

Hungary PMI rises to 59.5 in February

Analysis

Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) rose to 59.5 points in February from a revised 57 points in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Wednesday, Hungarian news agency MTI reported.

In its original data release on February 1, Halpim said the PMI stood at 56.5 points in January, but it revised this number to a higher value in the Wednesday release.

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

In February, among the sub-indices that comprise the PMI, the production volume index was up from January and was above the 50 mark for the eighteenth month in succession.

The new orders index also increased and was above 50 points, showing an expansion of new orders. 

Delivery times were longer than in January, as the sub-index was below 50 and lower than in January. 

Purchased stocks increased in February for the second month in succession.

The employment sub-index was above 50, showing expansion, and was somewhat higher than in January.

ADVERTISEMENT

3,274 new COVID cases registered over past 3 days Figures

3,274 new COVID cases registered over past 3 days

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.