Hungaryʼs PMI falls to 49.1 in December
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.1 points in December from 55.8 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said today, according to Hungarian news agency MTI.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
Among the sub-indices that comprise the PMI, the production volume index fell. In the last 20 years there was only one occasion when the sub-index was lower than its current level.
The new orders index was also under the 50-point threshold and below the long running average measured since 1995 and also below the average of the previous three years.
Delivery times were longer than in November, the sub-index last stayed above the 50-point threshold in April 2015.
Purchased stocks were down in December after growing in November.
The employment index climbed back above 50 points in December.
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.