October PMI Points to Manufacturing Sector Expansion

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 56.4 points in October from 49.6 in September, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday, according to a report by state news wire MTI.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index rose from the previous month and remained over the 50-point mark.

The production volume index also rose and was over 50.

The employment index indicated growth for the 13th month in a row.

Delivery times were longer than in the previous month, although the index value was unchanged.

The gauge of purchased inventories increased and was above the 50-point mark.

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