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Hungary PMI slows to 53.8 in March

Hungary’s purchasing managers index (PMI) drops to 53.8, in January, but still indicates expansion in the manufacturing sector.

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) dropped to 53.8 in March from 56.9 in February, still reflecting an expansion, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which published the monthly index, said on Friday.

The index was below its high values in the past four months, but still well exceeded the 48.6 average March value in the previous three years as well as the 51.8 March average of the 15 years since the index has been calculated.

An index above 50 indicates an expansion in the manufacturing sector. An index under 50 shows a contraction.