MLBKT: Purchasing Manager Index rose in November

The seasonally adjusted Purchasing Manager Index (PMI) for November was 53.0 points, after October’s 52.0 points. Respondents reported overall more favorable processes than last month, the Hungarian Logistics, Purchasing and Inventory Society (MLBKT) announced on Monday.

November as a whole was below average in previous years, the long-term average since 1995 has been 52.6 points, but in the last three years the November average has been higher at 56.2 points.

The production volume index declined relative to its October level, but remained above 50.0 points.