Hungary's manufacturing purchasing manager index drops in October 2013.

By bne IntelliNews November 5, 2013

The Purchasing Manager Index (PMI) for Hungary's manufacturing industry decreased to 51 points in October 2013 from 54.5 points in the previous month, reported citing the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), which compiles the index.

A reading higher than 50 indicates expansion of the sector, while a figure below 50 shows contraction. The index has been close to the benchmark since April 2013.

Among the components comprising the overall index, production volume contracted in October snapping a four-month rising streak. Employment in the goods-making sector also decreased, while the new orders and the purchased stocks advanced in the month but at a slower pace than in September. Delivery time in October was longer than in the previous month.

Related Articles

Hungary's MOL strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

Hungary's MOL announced on July 20 that it has struck licensing deals with Germany's Evonik Industries and Thyssenkrupp that will be essential in its plan to roll out a $1.9bn investment in ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Hungary signs deal to link to Russia's Turkish Stream gas pipeline

Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more