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Hungary’s PMI rises to 57.0 in September

Analysis

Hungary’s seasonally adjusted Purchasing Managersʼ Index (PMI) rose to 57.0 points in September from 51.7 points in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, announced 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 rose from August but stayed above the 50 mark for the ninth month in a row.

The new orders index climbed and stayed over 50.

Delivery times were longer than in August.

Purchased stocks rose after falling in the previous month.

The employment index was up and showed expansion.

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