BUDAPEST: Seasonally-adjusted Purchasing Managers Index (PMI) saw a rise to 50.7 points in August from the previous month’s 49.9, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, reported today, according to Hungarian news agency MTI.
A value above 50 reveals the expansion of the manufacturing sector, whereas a value under 50 shows contraction, the news agency noted. The index slipped under the growth threshold in July for the first time in more than a year.
Considering the sub-indices that comprise PMI, new orders index saw a slight rise, performing over the 50 threshold, while the production volume index fell and was under the 50 mark for the first second month in a row, Halpim said.
Halpim data suggest that the employment index rose and showed growth, delivery times were longer than in July, while purchased stocks were down for the second month in a row.
