PMI edges up to 55.9 in August

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 55.9 points in August, rising a fraction from 55.8 in July, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday.

A PMI over 50 signals expansion in the manufacturing sector. 

Among the PMI sub-indices, the new orders index "fell slightly" from the previous month but remained over 50.

The production volume index "rose moderately" and stayed over the 50-point mark.

The employment index showed a contraction, after three consecutive months of expansion.

Delivery times were longer than in July.

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

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