PMI in Hungary climbs to 60 in December
Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) stood at 60 points in December, up from 58.8 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), which compiles the index, said on Tuesday.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
Among the sub-indices that comprise the PMI, the new orders index rose slightly and remained over the 50 threshold.
The production volume index was lower but still showed expansion.
The employment index also dropped, but still showed more jobs being added to the economy.
Delivery times were longer in December. Purchased inventories climbed for the 12th month in a row.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.