Lead times grew from January. Purchase prices increased and still signalled an "intensive and sustained increase," it said, with the index staying above the 50-point watershed for the 31st consecutive month. Export and import indices both remained in growth territory. (Reporting by Gergely Szakacs)
BUDAPEST, March 1 (Reuters) - Hungary's
seasonally-adjusted Purchasing Managers' Index rose
to 56.5 in February from 55 in January, the Association of
Logistics, Purchasing and Inventory Management (MLBKT) said on
Wednesday.
It said the February reading came in above the long-term
monthly average of 53.1 and an average reading of 53.9 in the
same month of the past three years. The 50-point mark separates
growth in manufacturing from contraction.
"After the modest expansion in January, we could again see
an upswing in February," it said. "Index components generally
rose and point towards expansion."
Production volumes rose from January and were above the
50-point mark, posting their third-highest reading for the month
since 1995. The index of new orders dropped by half a point but
still showed strong expansion, it said.
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