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PMI rises to 53.7 in September

Hungary's Purchasing Manager Index (PMI) rose 1.6 points from August to a seasonally-adjusted 53.7 in September, the Hungarian Logistics, Procurement and Inventory Association (MLBKT) reported on Monday. The index was 2.5 points higher than in September 2004 and 0.4 points higher than the average over the last three years. The index averaged 50.0 in January-September, an unprecedented period of stagnation.
A PMI over 50 reflects an expanding manufacturing sector and a PMI under 50 means the sector is contracting.