PMI edges over 50 threshold

Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.1 points in October from 48.7 points in September, edging back over the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said, according to a report by state news wire MTI.

The index had plunged in the spring because of the pandemic, but a gradual recovery lifted it back over the 50-point mark by July. It slipped back under the threshold in September, parallel with a marked rise in the number of coronavirus infections in Hungary.

In October, the new orders index rose from the previous month and remained over 50.

The production volume index fell but stayed over the 50-point mark.

The employment index showed an expansion after falling under 50 in the previous month.

Delivery times were longer than in September.

Purchased inventories were up slightly.

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.