MLBKT: purchasing manager index increased

By: Trademagazin editor Date: 2021. 11. 02. 11:32

The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in October was 53.1 points. Based on the data, the respondents reported more favorable developments for the seventh month than in the previous month, breaking the two-month declining trend – the Hungarian Logistics Purchasing and Inventory Company (MLBKT) told MTI.

PMI continues to rise

The September index was 52.0 points, this year’s value can be considered above average in October since 1995.

PMI above 50 percent indicates a recovery in manufacturing activity, and a value below 50 percent indicates a shift toward recession.

Overall, the sub-indices that make up PMI continue to show a favorable picture. The volume of new orders has grown dynamically and the volume of stocks purchased is still showing a strong growth rate. (MTI)