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Hungary PMI slips under 50 threshold

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.9 in October from 52.4 in September, slipping under 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 has been over 50 in just six of ten months so far this year. Among the sub-indices that comprise the PMI, the new orders index fell at a faster rate and showed a decline in new order stock for the fifth month this year.

The production volume index was down from September but still over the 50 threshold for the sixth time this year. The employment index was under 50, showing a contraction for the third month this year. The index was also under the threshold in July and August.

Delivery times were longer in October. Purchased stocks were up in October - for the sixth month this year - after falling previously in August.

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