Hungary PMI falls to 51.8 in September

Analysis

Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) fell to 51.8 points in September, from 52.6 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, noted state news wire MTI.

Among the sub-indices that comprise the PMI, the new orders index "strengthened a bit" and remained over the 50 threshold.

The production volume index fell, but continued to show expansion.

The employment index increased and was over 50 for the fourth month in a row.

Delivery times were longer than in August. Purchased inventories were up for the second month in a row.

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