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Hungary Manufacturing Purchasing Managers Index (PMI)

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Hungary Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Dec 02, 2024
Actual
50.3
Previous
47.9
The PMI is a composite index based on the diffusion indexes for the following five indicators, with varying judgmental weights applied: new orders - 30 percent; production - 25 percent, employment - 20 percent, supplier deliveries - 15 percent and inventories - 10 percent.Diffusion indexes are convenient summary measures showing the prevailing direction of change and the scope of change. They fluctuate from 0-100%. For any of the business survey indicators, an index reading of 50% indicates no change in the aggregate series being measured, because an equal number of committee members reported increases and decreases. An index reading above 50% indicates that the economy, or that indicator of the economy, is generally expanding and below 50%, generally declining.
A higher than expected reading should be taken as positive/bullish for the HUF , while a lower than expected reading should be taken as negative/bearish for the HUF.
Importance:
Country:
Currency: HUF
Source: HALP
Hungary Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 02, 2024 (Nov) 03:00 50.3   47.9
Nov 04, 2024 (Oct) 03:00 47.6   49.4
Oct 01, 2024 (Sep) 02:00 49.7   47.7
Sep 02, 2024 (Aug) 02:00 47.6   48.8
Aug 01, 2024 (Jul) 02:00 49.2   49.1
Jul 01, 2024 (Jun) 02:00 49.4   51.3

Analysis

Manufacturing PMI Discussion

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