Hungary PMI drops to 58.3 in October
Hungaryʼs seasonally-adjusted Purchasing Managersʼ Index (PMI) stood at 58.3 points in October, falling from 59.3 in September, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Thursday.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, according to state news wire MTI.
Among the sub-indices that comprise the PMI, the new orders index fell slightly but remained over the 50 threshold.
The production volume index was higher and showed an expansion.
The employment index fell but still showed growth.
Delivery times were longer in October. Purchased inventories rose for the tenth month in a row, this time at a slightly faster pace.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
