The PMI of November is on a two decades peak

The Purchasing Manager Index indicates an expansion for the eleventh month now. The seasonally adjusted value of the index in November was 56.6 percent, the third highest in the past year.

Although the November index is 0.5 percentage points lower than the 57.1 percent of October, it is the highest November value, since 1995 and far above the 53.8 percent average of the Novembers of the past three years – the Hungarian Logistics, Purchasing and Inventory Management Association (MLBKT) reported in its business report released on Thursday. (MTI)