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Hungary PMI rises to 40.4 in April

  Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) was 40.4 in April, up 0.9 percentage point from March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which publishes the index, said on Monday.

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

Hungary’s seasonally-adjusted PMI fell under 50% in October 2008 as the country suffered the effects of the global financial crisis and looming recession. The index reached an all-time low of 38.5 in January 2009. The index rose in February and was little changed in March.

The unadjusted PMI increased to 43.0 in April from 41.8 in March.

Among the sub-indices that comprise the index, the new order volume index rose 2.5 from March to 37.5 in April. The production volume index dropped 0.5 to 37.1, the employment index inched up 0.8 to 39.0, and the delivery time index fell 1.8 to 53.5, showing delivery times are still getting shorter. The index for purchased stocks increased 2.7 to 37.8.

Among the indices that Halpim publishes but does not include in the PMI, the purchase volume index fell 1.5 from March to 32.6 in April.

The purchase price index slipped 1.8 to 46.0, the index for stock of finished goods declined 4.3 to 37.3, the export volume index dropped 0.9 to 35.6, and the import volume index rose 0.8 to 39.0. (MTI-Econews)