Hungary PMI Falls Under 50 in June

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 44.2 points in June from 57.1 in May, dropping under the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

Among the PMI sub-indices, the new orders index fell from the previous month and was under the 50-point mark.

The production volume index also dropped and was below 50.

The employment index slipped and indicated a contraction for the first time in 20 months.

The delivery times index rose but stayed under 50.

The gauge of purchased inventories showed a "strong decline" and was under the 50-point mark.

ADVERTISEMENT

Investment Company Profits up 11% in 2023 Figures

Investment Company Profits up 11% in 2023

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

Data Traffic Drives Magyar Telekom Growth - CEO Telco

Data Traffic Drives Magyar Telekom Growth - CEO

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.