Hungary PMI rises close to 50 threshold

Analysis

Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 47 points in June from 40.7 in May, continuing to improve after plunging in March because of the coronavirus outbreak, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Wednesday, according to a report by state news wire MTI.

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.

The production volume index also climbed from the previous month but remained below the 50-point threshold.

The employment index rose, but still showed a contraction for the seventh month in a row.

Delivery times were longer than in May.

Purchased inventories were down for the fifth month in a row after expanding for a period of 37 months.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Spring Weather Raising Interest in Leisure Products Retail

Spring Weather Raising Interest in Leisure Products

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.