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KSH: PMI SLIPS TO 52.1 IN SEPTEMBER

 

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) reached 52.1 points in September, edging down from 55.6 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said.
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 50. The production volume index also dropped but stayed over the 50-point mark. The employment index showed a contraction for the second month in a row, after three consecutive months of expansion.
Delivery times were longer than in August. The gauge of purchased inventories climbed for the fifth month in a row.