Hungaryʼs PMI falls to 56.6 in November
Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) fell to 56.6 points in November from 57.1 points in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said today, Hungarian news agency MTI reported.
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 from October but stayed above the 50 mark for the eleventh month in a row.
The new orders index was slightly up and stayed over 50. Delivery times were longer than in October. Purchased stocks rose for the third month in a row. The employment index was down to just under the 50 mark.
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