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Halpim: Hungary’s PMI falls to 50.9 in June

Analysis

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 50.9 points in June, down from 52.2 points in May, 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 indicates expansion in the manufacturing sector, while a value under 50 signals contraction.

Based on fresh data, the May PMI was revised down to 52.2 points from 52.3 points earlier.

In June among the sub-indices that comprise the PMI, the production volume index fell compared to the previous month, but was still above the 50 point threshold, reflecting an expansion in production for the sixth month in a row, MTI reported.

New orders index was down but stayed over 50. The stock of new orders rose slightly. The sub-index was below the long-term average.

Delivery times were longer than in the previous month. The sub-index of delivery times was last above the 50 points threshold in April 2015, MTI reported.

Purchased stocks were down in June for the fourth month in a row, and that sub-index was below its long-term average.

The employment index was up in June and it rose above 50 points, according to the report. This was the fourth time this year that the sub-index was above 50 point

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