Hungary PMI climbs to 54.9 in October
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 54.9 points in October month-on-month from September’s 52.7 points, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, reported today.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. According to Hungarian news agency MTI, the index has been over the growth threshold for more than a year.
Among the sub-indices that comprise the PMI, the new orders index "rose markedly" and was over the 50 threshold. Although the production volume index fell, it still showed higher output for the twelfth month in a row. Delivery times were longer as compared to the previous month, meanwhile purchased stocks were up.
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