An index value above 50 shows expansion of the manufacturing sector, while a value under 50 signals contraction. The index in Hungary has been over the growth threshold for over a year.
Among the sub-indices that comprise the PMI, the new orders index “fell sharply”, the association added.
Despite the fall in August, the production volume index rose and showed higher output for the tenth month in a row. Compared to July, delivery times were longer, while purchased stocks were down.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
