Hungary's purchasing managers index recovers in September.

By bne IntelliNews October 4, 2011
The Purchasing Managers Index (PMI) revised the negative trend in the last months, edging up to 50.8 in September from 50.1 in August, MTI news agency reported, quoting data from the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM). The slight rebound came after the index recorded its lowest level since June 2010 in August. The value above the threshold of 50 indicates expansion in the sector. The improvement in the month was spread among the five sub-indices, as only one was under 50. The production volume index was on the positive side for a 21st consecutive month, marking a steady rise. New orders and the employment index were also above 50. Growth of purchased stocks index remained almost unchanged on the month, being below the average September value. On the negative side, continuing deterioration was observed in delivery time, which has been below 50 for 22 consecutive months already.

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