PMI edges up to 55.9 in August
Image by Pixabay
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 55.9 points in August, rising a fraction from 55.8 in July, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday.
A PMI over 50 signals expansion in the manufacturing sector.
Among the PMI sub-indices, the new orders index "fell slightly" from the previous month but remained over 50.
The production volume index "rose moderately" and stayed over the 50-point mark.
The employment index showed a contraction, after three consecutive months of expansion.
Delivery times were longer than in July.
The gauge of purchased inventories climbed for the fourth month in a row.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
