PMI jumps to 64.8 in December

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) climbed to 64.8 points in December from 52.2 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, 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 increased and stayed over the 50-point mark, showing expansion for the tenth month in a row.

The employment index rose for the third month in a row.

Delivery times were longer than in November.

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

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