Hungary’s PMI rises to 54.9 in February
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) saw an increase of 54.9 points in February from January’s 54.3 points, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said today.
A value above 50 entails expansion in the manufacturing sector while a value under 50 shows contraction. Halpim said that the index has been in the “growth” phase for more than a year. Halpim added that the index was over the long-term February average of 51.9 points and also exceeded the 52.5-point February average of the last three years.
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