Business confidence deteriorated compared to September

The seasonally adjusted Purchasing Managers Index (PMI) for October in Hungary is reported at 53.1, indicating positive sentiment among manufacturing companies. A PMI above 50 suggests growth expectations, while below indicates recession. This October's figure exceeds the long-term average of 52.4 and the previous three years' average of 50.5, although it has decreased from September's 53.3. Most sub-indices showed increases, with nine indices indicating recovery. The employment index rose to 54.2, signaling expansion, having previously hovered around the neutral mark of 50.0.