Hungary PMI Shows Expansion in October

Analysis

Image by Pixabay

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.

ADVERTISEMENT

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio... Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio...

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

MOL Signs Antwerp Declaration for a European Industrial Deal Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.