PMI slips to 52.1 in September

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 52.1 points in September, edging down from 55.6 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Friday, 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 fell from the previous month but remained over 50.

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

The employment index showed a contraction for the second month in a row, after three consecutive months of expansion.

Delivery times were longer than in August.

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

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