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Hungary PMI rises to 54.9 in April

Analysis

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.

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