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, 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.

Related Articles

Hungarian trucker Waberer’s seeks valuation of €350mn in IPO

Hungarian trucking company Waberer’s said on June 19 that it is seeking a market capitalisation of up to €350mn as it issued a pricing range for its IPO on the Budapest Stock Exchange. The ... more

Slovak PM says no pledge made on EU migrant quotas

Slovakia has made not offered the European Commission a pledge to take part in the migrant quota scheme, Prime Minister Robert Fico suggested to parliament on June 15. The statement comes shortly ... more

Germany and Gazprom question need for EU talks on Nord Stream 2

A joint EU mandate to discuss the operating rules that would apply to Russia's planned Nord Stream 2 gas pipeline is not necessary, Angela Merkel said on June 15. Russian state-controlled ... more