Hungary’s seasonally adjusted Purchasing Managers’ Index (PMI) came in at 50.4 points in March, slightly down from 51.2 in the previous month, according to the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), the Budapest Business Journal (BBJ) has reported.
PMI is a monthly survey-based indicator that shows how well a country’s manufacturing sector is performing. Purchasing managers at companies are asked about changes in areas such as new orders, production, employment, supplier delivery times, and inventories compared to the previous month.
A figure above 50 suggests the sector is expanding, while a figure below 50 suggests it is contracting.
The index remained just above the crucial 50-point threshold, indicating continued expansion in the manufacturing sector. Within the sub-indices, new orders edged down by 0.3 percentage points but stayed above 50, which also signals growth.
Production volume fell by 2.3 points, yet continued to indicate expansion, while the employment index declined by 0.6 points and slipped below the 50-point level. Delivery times dropped more sharply, down 4.9 points, and also fell under the expansion threshold. Meanwhile, purchased inventories decreased slightly by 0.5 points, though this measure still pointed to growth.
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