Hungary PMI rises over growth threshold
Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 51.7 in August from 49.0% in July, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), which compiles the index, said on Monday.
Among the sub-indices that comprise the PMI, the new orders index “rose more moderately” and showed new order stock was up. The production volume index fell but was still over 50 for the third month in a row. The employment index rose over 50 after showing a contraction in May-July. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
– Written by Gábor Pákozdi
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