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

Hungary's central bank unveils new stimulus to bring down long yields

The Monetary Council of the Magyar Nemzeti Bank announced new monetary policy measures at its November 21st meeting, while keeping the base rate and the overnight rates unchanged, as expected. ... more

EU calls for tax haven blacklist in Paradise Papers fallout

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ... more

Hungary slides down World Bank's Doing Business index

Hungary fell to 48th from 41st on the World Bank’s latest “Doing Business,” index which rates the business climate in 190 countries, published on October 31. Hungary's regional peers all ... more