Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 57.0 in February from 54.7 in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which published the monthly index, said.
An index above 50 indicates an expansion in the manufacturing sector. An index under 50 shows a contraction.
In 2010, the seasonally-adjusted index showed expansion in ten months and contraction in May and June. The index for February usually exceeds 50, and was under 50 five times in the past 15 years, Halpim said.
The unadjusted index rose to 55.8 in February from 51.2 in January.
Except for a deterioration of the delivery time index, reflecting a rise in the time of deliveries, all the sub-indices of PMI turned for the better.
Among the sub-indices that comprise the PMI, the new order index rose another sharp 4.1 to 64.3 in February from January. The production volume index climbed 3.8 to 59.8. The employment index slipped again, now by 0.9 to 51.9 but still showed expansion. After a rise in January, the delivery time index fell 3.1 to 43.9. After a drop in January, the purchased stocks index jumped 5.0 to 54.3, showing a return to expansion.
Among the indices that Halpim compiles but does not include in the PMI, the purchase volume index rose 8.6 to 65.1, the purchase price index jumped 5.2 to 76.7, the stock of finished products index rose 2.5 to 49.5, the import volume index rose 0.7 to 61.0 and the export volume index was unchanged at 61.8.