MLBKT: BMI increased in February
The seasonally adjusted Purchasing Managers’ Index (PMI) for February was 51.3. Respondents reported a moderate expansion in the manufacturing sector compared to the previous month. The BMI index increased compared to the January value (50.0), the Hungarian Logistics, Purchasing and Inventory Management Association (MLBKT) announced on Monday.
Compared to the previous February monthly values, this year’s value is lower than the long-term average for this month (52.6), but equal to the average of this month’s values for the previous three years, the report added.
Most of the sub-indices examined in the survey increased. Eight of the individual indices are in the recovery zone.
The new orders index increased by 1.9 percentage points, continuing to show expansion. The production volume increased, the index value increased by 2.3 percentage points compared to the previous month. The February employment index is below 50.0 points, the index value decreased by 0.8 percentage points – the MLBKT reported.
A BMI value above 50 percent indicates an upturn in manufacturing activities, while a value below 50 percent indicates a shift towards recession.
The delivery lead time index is again below 50.0, its value increased by 0.7 percentage points this month. The index value of purchased inventories increased by 1.5 percentage points and continues to show expansion. Among the foreign market indicators, the import index increased by 3.3 percentage points, and the export index by 3.5 percentage points.
Purchase prices increased, the index value increased by 3.1 percentage points compared to the previous month. The purchase quantity index increased by 1.3 percentage points, the index indicates a moderate increase. The finished goods inventory index increased by 3.9 percentage points – the MLBKT reported.
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