MLBKT: PMI indicates a slowing increase

By: Trademagazin editor Date: 2021. 12. 01. 11:20

The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in November was 52.2 points. The pace of expansion is slightly lower than the 52.9 points in October and the November average of 52.8 points in the last three years, the Hungarian Logistics Purchasing and Inventory Company (MLBKT) said on Wednesday.

Hungarian economic growth slows

The output volume index decreased compared to its October value, but remained above 50.0 points, so its ninth month indicates an increase in output.

The index of new orders increased and remained above 50.0 points, indicating that the stock of new orders was higher than in the previous month. The employment index also remained above 50.0 points.

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