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Hungary PMI edges up to 52.8 in June

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.8 in June from 52.2 reported in May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Monday.

Halpim said the index rose 0.5 from May, revising the May figure slightly up.

The index reached the second biggest figure since a steady growth registered between July 2010 and July 2011 halted. PMI surpassed the 50 threshold, signaling an expansion, only five times since last July.

Among the sub-indices that comprise the PMI, the new orders index was slightly. Nevertheless, the stock of new orders was up for the third time this year and for the fourth time in the past eight months, Halpim said.

The production volume index rose for the second consecutive month.

The employment index, which has been over the 50 threshold since January, rose slightly faster in June than in the previous month, and reached the highest June value since 1995.

June delivery time was significantly longer than in May, and the index fell below 50 thirty times in the past thirty-one months.

The purchased stocks index started rising after the decline seen in April-May 2012, climbing for the third time in the past six months.

Among the indices that Halpim compiles but does not include in the PMI, the import index rose from May. The export index also rose from the previous month, climbing "definitively" over 50.

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