PMI back over 50

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.8 points in April from 48.8 in March, edging back over the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, according to a report by state news wire MTI.

The new orders index rose in April from the previous month and remained over 50.

The production volume index also rose and stayed over the 50-point mark.

The employment index showed a contraction, after pointing to an expansion in March.

Delivery times were longer than in March.

Purchased inventories declined "at a moderate pace" in April after rising in March.

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