PMI Edges Down to 57.8 in August

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 57.8 points in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, 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 fell but remained over 50.

The production volume index edged higher.

The employment index rose.

The delivery times index continued to fall.

The gauge of purchased inventories increased and remained over the 50-point mark.

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