Hungary PMI rises to 56.6 in August

Analysis

Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) stood at 56.6 points in August, rising from 54.2 in July, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Friday.

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 rose slightly and remained over the 50 threshold.

The production volume index was also higher and continued to show expansion.

The employment index was slightly down, but still showed expansion.

Delivery times were shorter in August. Purchased inventories rose for the eighth month in a row, and at a slightly faster pace.

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