Purchasing managers index up in November

Analysis

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.6 in November from 51.1 in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), which compiles the index, reported today.

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 “rose moderately further.

The production volume index climbed back over the 50 threshold, while employment index rose slightly, remaining over 50.

HALPIM also reported that delivery times were longer compared to October and that purchased stocks were up for the fourth month in a row.

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