Hungary PMI rises to 54.9 in April
Hungaryʼs seasonally-adjusted Purchasing Managersʼ Index (PMI) rose to 54.9 in April, from 52.5 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Thursday.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, noted state news agency MTI.
Among the sub-indices that comprise the PMI, the new orders index "strengthened slightly" and remained over the 50 threshold.
The production volume index was higher and continued to show expansion.
The employment index was lower and signalled contraction for the first time after showing expansion for eight months.
Delivery times were longer in April. Purchased inventories climbed for the eighth month in a row.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.