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PMI climbs to 53.1 in October

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 53.1 points in October, edging up from 52 in September, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday, 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 50.

The production volume index also rose and stayed over the 50-point mark, showing expansion for the eighth month in a row.

The employment index rose after showing stagnation in the previous month.

Delivery times were longer than in September.

The gauge of purchased inventories climbed for the sixth month in a row.

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