Hungary PMI Shows Expansion in October
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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.5 points in October from 47.4 in September, edging over the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, according to a report by state news wire MTI.
Among the PMI sub-indices, the new orders index rose over the 50-point mark.
The production volume index also increased and was over 50.
The employment index fell and indicated a contraction.
The delivery times index dropped and stayed under 50.
The gauge of purchased inventories rose but remained under the 50-point mark.
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