PMI remains over 50-point threshold for 3rd month in a row

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.1 points in December, staying over the 50-point threshold that signals expansion in the manufacturing sector for the third month in row, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, according to a report by state news wire MTI.

The new orders index rose in December from the previous month and remained over 50.

The production volume index also climbed and stayed over the 50-point mark.

The employment index showed a contraction after two months of expansion.

Delivery times were longer than in November.

Purchased inventories were down "moderately" after rising for two months in a row.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

1,438 new COVID-19 cases registered in Hungary Figures

1,438 new COVID-19 cases registered in Hungary

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.