Halpim: Hungary’s PMI reaches 56.2 in November

Analysis

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Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 56.2 points in November from 55.3 in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said today, according to Hungarian news agency MTI .

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.

Among the sub-indices that comprise the PMI, the production volume index rose after two months of contraction.

The new orders index also rose slightly and the order stock was well over the average of the last three years.

Delivery times were longer, once again, than in the previous month, the sub-index last remained above the 50-point threshold in April 2015.

Purchased stocks were up in November after dropping in October.

The employment index dropped again under 50 points, indicating contracting employment after a rise in October. The index fell under the threshold in September for the first time since April.

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