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Second Wave Pushes PMI Back Under 50 Threshold

MTI-Hungary Today 2020.10.01.

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) dropped to 48.8 points in September from 52.3 points in August, falling back under the 50-point threshold that signals a contraction in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday.

The index had plunged in the spring because of the pandemic, but a gradual recovery lifted it back over the 50-point mark by July. The September drop was parallel with a marked rise in the number of coronavirus infections in Hungary.

The new orders index and the production volume index both fell from the previous month but remained over 50.

The employment index showed a contraction, after rising over 50 in August for the first time in months.

Delivery times were a little longer than in August.

Purchased inventories were down slightly after rising for two months in a row.


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