Hungary PMI edges up to 52.8 in August
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.8 points in August from 51.1 points in July, continuing to improve after plunging in the spring, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said, according to a report by state news wire MTI.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. The index rose back over the 50 threshold in July.
Among the sub-indices that comprise the PMI, the new orders index and the production volume index both continued to rise after passing the 50-point mark in July.
The employment index rose over 50 after eight months of contraction.
Delivery times were longer than in July.
Purchased inventories were up for the second month in a row after contracting for five consecutive months.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.