MLBKT: the purchasing manager index strengthened in February

By: Trademagazin Date: 2024. 03. 01. 11:13

The seasonally adjusted February value of the purchasing manager index (BMI) improved to 52.2 points from the value of 50.1 points in January; in February, the respondents reported a moderate increase compared to the previous month – the Hungarian Logistics, Procurement and Inventory Association (MLBKT) announced on Friday.

February is considered a below-average month (the long-term average value measured since 1995 is 52.5; the February values are 53.1). The seasonally adjusted BMI index value measured just now is the sixth lowest February value – they wrote in the announcement.

According to the data, the indices changed mixed in February, but only four indices are in the recovery range.
The volume of new orders increased, the index value increased by 6.8 percentage points. A value above 50.0 points indicates an increase in the quantity produced. This is the fifteenth highest February value since 1995.

The production volume indicates an expansion again, the February index value increased by 1.2 percentage points compared to the previous month. This is the twelfth highest monthly value since 1995.