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HUNGARY PMI RISES CLOSER TO 50 THRESHOLD

 

Hungary’s seasonally adjusted Purchasing Managers Index (PMI) rose to 47 points in June from 40.7 in May, continuing to improve after plunging in March, Halpim, the company that 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 “rose moderately” from May but was still under the 50-point mark.