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HUNGARY PMI RISES TO 57.9 IN MAY

 

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 57.9 in May from 55.1 in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. Among the sub-indices that comprise the PMI, the new orders index “strengthened more” and remained over the 50 threshold. The production volume index was higher and continued to show expansion. The employment index was lower and signalled contraction for the second time after showing expansion for eight months. Delivery times were longer in May. Purchased inventories climbed for the ninth month in a row.