Activity in Hungary's manufacturing sector increased at a sharply faster pace in March, data from a survey by the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) showed Monday.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector climbed to 56.8 in March from 51.2 in February, which was revised up from 50.5. A PMI reading above 50 indicates expansion in the sector, while one below suggests decline.
Production in Hungarian factories increased sharply in March, with the corresponding indicator climbing to the highest level in 15 years.
New orders received by manufacturers grew strongly during the month, marking the second expansion in the past six months. Input prices advanced for the thirty-fourth consecutive month in March, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.