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.
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