Hungary’s economy in turbo mode: producers, traders more and more optimistic

Hungary’s seasonally adjusted Purchasing Managers Index (PMI) rose to 61.9 points in April from 56.0 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday.

Világgazdaság wrote that the PMI has never been this high for the last three years, so producers and traders are becoming optimistic.

Hungary posted a February trade surplus of 581 million euros, the Central Statistical Office (KSH) said in a second reading of data on Tuesday. The surplus was raised from 513 million euros in the first reading released on April 6. Exports rose by an annual 11.5 percent to 12.756 billion euros, while imports increased by 4.3 percent to 12.175 billion. Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 68 percent of its imports during the month.

Hungary PPI falls to 21.7pc in March