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Hungary PMI climbs to 54.9 in November

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 54.9 in November from 51.5 in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which published the monthly index, said on Wednesday.

The index rose for the third month in row in November.

An index above 50 indicates an expansion in the manufacturing sector. An index under 50 shows a contraction.

Among the five sub-indices that comprise the PMI, the new order index climbed 4.4 percentage points to 62.6 in November from October, showing a rising stock of new orders. The production volume index increased 2.7 percentage point to 56.5. The employment index rose 3.3 percentage points to 56.3. The delivery time index inched up 0.6 percentage point to 44.2, showing orders still took longer to arrive. The purchased stocks index increased a slight 0.9 percentage point to 46.6, showing a continued contraction.

Among the indices that Halpim compiles but does not include in the PMI, the purchase volume index was up 4.2 percentage points at 56.7, the purchase price index dropped 2.2 percentage points to 67.1, the stock of finished products index fell 0.5 percentage point to 47.1, the import volume index increased 2.2 percentage points to 56.9 and the export volume index fell 1.9 percentage points to 57.5. (MTI-ECONEWS)