Are you sure?

Hungary PMI rises slightly to 45.8 in June

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) was 45.8% in June, up 0.3 percentage point from May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which publishes the index, said on Wednesday.

An index value above 50 indicates a pick-up in manufacturing activity, while a figure below 50 shows contraction.

The slight improvement in June came after a steep 4.7 percentage point rise in May.

The seasonally-adjusted index fell well under 50 in October as Hungary suffered the effects of the global financial and economic crisis. It bottomed out at 38.5 in January before starting to improve.

The unadjusted PMI increased to 49.2 in June from 47.4 in May.

Among the sub-indices that comprise the PMI, the new order volume index fell 0.3 from May to 45.1 in June. The production volume index climbed 0.3 to 45.0, the employment index dropped 3.0 to 41.9 and the delivery time index increased 3.8 to 54.6, showing delivery times are getting shorter. The index for purchased stocks rose 4.6 to 41.1. The index bottomed out near 35.0 in March.

Among the indices that Halpim publishes but does not include in the PMI, the purchase volume index inched down 0.1 from May to 44.4 in June. The purchase price index rose 1.4 to 50.7, passing the 50 mark for the first time in six months. The index for stock of finished goods increased 3.2 to 39.5. The export volume index climbed 4.9 to 50.6, reaching its highest value since September, and the import volume index rose 2.2 to 43.5, the highest value since October. (MTI-ECONEWS)