Hungary PMI Stays Under 50 in July

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 45.7 points in July from 44.6 in June, remaining under the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday, according to a report by state news wire MTI.

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

The production volume index also increased and climbed over 50.

The employment index climbed and indicated an expansion after a contraction in June.

The delivery times index stayed under 50.

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

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