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Hungary’s PMI drops to 45.8 in August

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) was 45.8% in August, down 3.4 percentage points from July, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said.

The adjusted PMI fell back to its May-June level after a sharp 3.2-percentage-point rise in July which brought the index near to 50 for the first time since last autumn.

The seasonally-adjusted index fell well under 50 last October as Hungary suffered the effects of the global financial and economic crisis. It bottomed out at 38.5 in January before starting to improve.

The unadjusted PMI decreased to 43.7 in August from 50.1 in July. (MTI – Econews)