Hungary PMI Steady at 52.3 in March

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 52.3 points in March, over the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday, according to a report by state news wire MTI.

The PMI was unchanged from the previous month.

Among the PMI sub-indices, the new orders index fell but remained over the 50-point mark.

The production volume index increased and was over 50.

The employment index rose but indicated a contraction.

The delivery times index increased.

The gauge of purchased inventories fell and was under the 50-point mark.

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