MLBKT: Purchasing Managers Index indicates minimal optimism again

By: Trademagazin editor Date: 2020. 11. 03. 11:24

The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in October rose by 50.1 points from 48.7 in September, with respondents reporting more favorable developments than in the previous month – the Hungarian Logistics Purchasing and Inventory Company (MLBKT) said on Monday.

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

This year’s below-average value can be considered this year, after the long-term average value measured since 1995 is 52.6, while the average value of Octobers is 52.2 points. (MTI)