Halpim: Hungary PMI rises to 52.2 in April
Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.2 points in April from 51.7 points in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said today, according to Hungarian news agency 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 production volume index rose compared to the previous month, reflecting an expansion in production for the fourth month in a row.
The new orders index fell but the order stock rose while remaining under the long-term average.
Delivery times were longer than in the previous month, the sub-index last remained above the 50-point threshold in April 2015.
Purchased stocks were down in April for the second month in a row after expanding for two months.
The employment index was down compared to March but employment still expanded in April.
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