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Hungary PMI climbs to 52.6 in September

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.6 points in September from 51.0 points in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) – which compiles the index – said today.

If the value of the index is above 50 it means that there is expansion in the manufacturing sector, while a value below 50 entails shrinkage of the sector. The index has been in the growth half for more than a year.

Among the sub-indices that comprise the PMI, the new orders index "rose slightly" according to Halpim, and it was over the 50 threshold. The production volume index increased and showed higher output for the eleventh month in a row.

Purchased stocks were up. Delivery times were longer compared to August.

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