April PMI Climbs to 61.9

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 61.9 points in April from 56 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday, according to a report by state news wire MTI.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index rose from the previous month and remained over the 50-point mark.

The production volume index increased and was over 50.

The employment index climbed and indicated growth for the 19th month in a row.

The delivery times index rose but stayed under 50.

The gauge of purchased inventories increased and was over the 50-point mark.

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