Hungary PMI rises to 55.4 in May
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.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
