Hungary's manufacturing purchasing manager index rises in November 2013.

By bne IntelliNews December 3, 2013

The Purchasing Manager Index (PMI) for Hungary's manufacturing industry increased to 52.6 points in November 2013 from 51 points in the previous month, portfolio.hu 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 expanded in November, reversing from a decline in the previous month. The index of the purchases stock index increased for the fourth consecutive month in November. New orders and employment rose moderately as well. Delivery time in November was longer than in the previous month.

Hungary’s PMI was higher that the Eurozone manufacturing PMI, which edged up to 51.5 points in November from 51.3 points in October.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russian development bank IIB signs off on debut Hungarian credit facility

The Moscow-based International Investment Bank (IIB) announced on August 9 that it has signed off on its debut credit facility in Hungary. The Russian-led IIB decided around five years ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Most Read

  1. COMMENT: How will the new US sanctions affect Russia’s economy?
    3 days ago
  2. Russia still playing important role in Ukraine’s trade as turnover rises in H1
    5 days ago
  3. Two in five Russians (39%) are teetotalers
    6 days ago
  4. MOSCOW BLOG: Propensity to protest spikes as Russians worry over wages and family
    8 days ago
  5. Russian bank Otkritie significantly reduces its holding of Russia 2030 Eurobonds
    4 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    27 days ago
  2. Polish passport design provokes Lithuania and Ukraine
    18 days ago
  3. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    28 days ago
  4. Ukrainian farmers turn to Donbas veterans for protection from raiders
    28 days ago
  5. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    29 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss