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PMI climbs to 58.9 in April

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 58.9 points in April from 57.6 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, 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 climbed from the previous month and remained over 50.

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

The employment index increased, and showed growth.

Delivery times were longer than in March.

The gauge of purchased inventories rose at a slower pace and was over the 50-point mark.

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