Hungary PMI rises over 50 threshold
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.5 in September from 49.6 in August, climbing over the 50 threshold between contraction and expansion, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Monday.
The index was over 50 for the sixth time this year. Among the sub-indices that comprise the PMI, the new orders index showed expansion for the fifth month this year. The production volume index was down from August but still over the 50 threshold, also for the fifth time this year.
The employment index was over 50 in September after showing contraction in July and August. Delivery times were longer in September. Purchased stocks were up in September -- for the fifth month this year -- after falling in August.
Among the indices that Halpim compiles but does not include in the PMI, the order volume index rose over 50 and the purchase prices index showed prices rising at a faster rate. The gauge of finished product stock showed inventories were lower. The export index was close to 50 and the import index fell but was still over the 50 threshold.
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