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.
by RTT Staff Writer
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