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Halpim: Hungary’s PMI falls to 51 in April

Analysis

Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) fell to 51.0 points in April from the previous month’s 55.4 points, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, reported today.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, Hungarian news agency MTI said, adding that the index has been over the growth threshold for more than a year.

Among the sub-indices that comprise the PMI, the new orders index fell and showed order stock was below the average level for the previous three years, Halpim said. The production volume index also fell, though it was over the 50 point threshold for the fourth month in a row. The employment index decreased and was under the 50-point mark. Delivery times were slightly shorter compared to March. Purchased stocks were down slightly after falling for seven months in a row.

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