Hungary’s seasonally adjusted Purchasing Managers’ Index (PMI) rose to 39.7 in February from its all-time low of 38.5 in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which publishes the index, said on Monday.
An index above 50 indicates a pick-up in manufacturing activity, while a figure below 50 shows contraction. Hungary’s seasonally adjusted PMI fell under 50% in October 2008 as the country suffered the effects of the global financial crisis and looming recession.
Unadjusted PMI increased to 38.0 in February from 34.8 in January.
Among the sub-indices that comprise the index, the new order volume index fell 0.3 from January to 32.9 in February. The production volume index dropped 1.9 to 36.6, the employment index rose 5.6 to 43.5, and the delivery time index rose 1.9 to 52.8. The index for purchased stocks climbed 4.3 to 40.7.
Among the indices that Halpim publishes but does not include in the PMI, the purchase volume index dropped 2.3 from January to 33.5 in February. The purchase price index rose 6.2 to 43.5.
The index for stock of finished goods increase 0.9% to 48.7. The export volume index advanced 3.7 to 42.9 and the import volume index rose 0.9 to 40.1. (MTI-Econews)