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Purchasing managers index down for December

Analysis

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 50.2 points in December from 52.6 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Thursday.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. The index has been over the growth threshold since August.

Among the sub-indices that comprise the PMI, the new orders index “fell slightly” but still showed expansion.

The production volume index also fell, but was over the 50 threshold for the second month in a row.

The employment index fell under the 50 point mark.

Delivery times were longer compared to November.

Purchased stocks were down, following a four-month increase.

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