May PMI Falls to 57.1

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 57.1 points in May from 61.9 in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, according to a report by state news wire MTI.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index rose from the previous month and remained over the 50-point mark.

The production volume index fell but was over 50.

The employment index dropped but still indicated growth, for the 20th month in a row.

The delivery times index slipped and stayed under 50.

The gauge of purchased inventories declined but was over the 50-point mark.

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