Manufacturing Purchasing Managers' Index rises

Analysis

The Manufacturing Purchasing Managers' Index was 59.1 points in November, a 0.7-point increase on a month-on-month basis, according to Erste's analysis, writes profitline.hu.

The data was minimally better than the 59-point consensus.

Production increased as new orders expanded faster, although sales prices rose at the second steepest pace for more than 14 years.

Due to optimism about the supply chain and the labor market, expectations for the rest of the year are now at their highest in the last three months.

The Service Purchasing Managers Index fell 1.7 points to 57 points on a month-on-month basis, falling short of expectations of 59 points. Costs are at a six-month high, and inflation is at record highs, which has reduced the indicator.

E.ON Survey Shows Support for Renewables, Need for Innovativ... Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovativ...

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

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.