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HUNGARY PMI FALLS TO 54.4 IN JUNE

 

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 54.4 points in June from 57.9 points in May, 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. In June among the sub-indices that comprise the PMI, the production volume index was down from May but was above the 50 mark now for 46 months in a row. The new orders index fell even more heavily than the production volume index but was also above 50 points, showing an expansion of new orders. The current figure was above average. Delivery times were longer than in May and the sub-index was below 50 points now for 12 months in a row. Purchased stocks increased in June, now for 10 months in a row. The employment sub-index was above 50 and showed an expansion in employment figures for the first time in three months.