Hungary's PMI rises to adjusted 54.5 in October
Hungary's seasonally-adjusted Purchasing Manager Index (PMI) rose to 54.5 in September from 53.5 in August, showing growth is picking up, Halpim, the company which compiles the index, announced.
The index value exceeded the 52.1 average in October during the previous three years. The unadjusted index was 56.1 in October, falling from 59.5 in September. Average PMI for January-October was 54.2, well over the 51.3 average value during the same period in the previous three years. A PMI over 50 reflects an expanding manufacturing sector and a PMI under 50 means the sector is contracting.
Among the sub-indices comprising the index, new order volume was 59.2, up 1.9 from September, and production volume rose 2.1 to 56.3. The employment index fell 4.0 to 47.7, showing a contracting employment market for the first time in eight months. The transport time index fell 0.3 to 48.5 from September to October, and the purchased inventories fell 3.6 to 53.4.
Among the indices Halpim publishes but does not include in the PMI, the indicator for the stock of finished goods fell 2.6 to 49.2 from September to October. The export volume index fell a marked 6.7 to 58.1, but it still exceeded the import index, which fell 0.9 to 54.8. The purchase price index rose 1.2 to 73.0, and the purchase volume index fell 1.8 to 54.8.Â
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
Pensioners to Get Inflation Top-up
Revolutionary Rail Freight Transport Tech Presented in Budap...
Budapest Muni Council Clears Rác Baths Renovation
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.
