Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) rose to 55.4 points in May, up from 53.3 points in April, state news wire MTI reported. 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, which is compiled by the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), the production volume index rose from April to May, and has now been above the 50 mark for 33 months in a row.
The new orders index also increased and stayed above 50 points, showing an expansion of new orders. The current figure was above average.
Delivery times were longer than in April and the sub-index was below 50.
Purchased stocks increased in May for the 17th month in a row.
The employment sub-index was above 50 and showed expansion, as it has for the past year.