PMI down at 54.7 in November

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 54.7 points in November from 56.4 in October, showing slowing expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index fell from the previous month but remained over the 50-point mark.

The production volume index also declined but was over 50.

The employment index indicated growth for the fourteenth month in a row.

Delivery times were longer in November.

The gauge of purchased inventories dropped but was above the 50-point mark.

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Source: MTI