PMI falls to 51.5 in May

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 51.5 points in May from 58.9 in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday, 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 fell from the previous month but remained over 50.

The production volume index also fell but stayed over the 50-point mark.

The employment index fell but showed growth.

Delivery times were longer than in April.

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

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