Purchasing Managers Index down in August 2014
Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 51.0 points in August from 56.6 points in July, the index-compiling Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) announced today.
An index value above 50 shows expansion of the manufacturing sector, while a value under 50 signals contraction. The index in Hungary has been over the growth threshold for over a year.
Among the sub-indices that comprise the PMI, the new orders index “fell sharply”, the association added.
Despite the fall in August, the production volume index rose and showed higher output for the tenth month in a row. Compared to July, delivery times were longer, while purchased stocks were down.
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