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Hungary's PMI slows to 50.2 in September

Hungary's seasonally adjusted Purchasing Managers Index (PMI) fell to 50.2 in September from 51.9 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which published the monthly index, announced on Friday.

Domestic manufacturing activity has expanded now for the third month although at a slowing pace.

The adjusted index was above 50, indicated an expansion, in the first four months of 2010, but dipped below 50, reflecting a contraction, in May and June. The index then rose to 53.5 in July and has dropped since.

Hungary's PMI showed a contraction of manufacturing activity each month between August 2008 and December 2009.

The unadjusted PMI was 57.0 in September, up from 50.0 in August. (MTI-Econews)