PMI climbs to 54.7 in June

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 54.7 points in June from 53.1 in May, advancing further past the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, according to state news wire MTI.

The new orders index rose in June from the previous month and remained over 50.

The production volume index also rose and stayed over the 50-point mark.

The employment index showed an expansion, for the second month in a row.

Delivery times were longer than in May.

The gauge of purchased inventories climbed for the second month in a row, at a steady pace.

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