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Market Update: Hungary Factory Activity Growth at Over 2-Year High
The HALPIM Manufacturing PMI for Hungary inched up to 55.9 in August of 2021 from an upwardly revised 55.8 in the previous month and stood above the long-term August average of 52.5. It was the strongest expansion in factory activity since May of 2019, as both production volumes and new orders remained in growth territory. Additionally, delivery lead times were also longer compared to July, although it was the lowest value for an August month on record. In contrast, goods producers were scaling up their inventory stocks at the fastest rate since August 1995. On the downside, employment shrank for the first time in three months and input prices went up for the thirteenth month in a row. source: HALPIM [/s2If]
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