Hungary’s Purchasing Managers Index falls to 53.3 in April

Hungary’s seasonally adjusted Purchasing Managers Index (PMI) fell to 53.3 points in April from a revised 56.6 points in March, Halpim, the association that compiles the index, said on Wednesday.

In its original data release on April 3, Halpim said the PMI was at 57.0 points in March but it revised its number to a lower value in the Wednesday release.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.

In April among the sub-indices that comprise the PMI, the production volume index was down from March but was above the 50 mark now for 32 months in a row.

The new orders index also decreased but was above 50 points, showing an expansion of new orders. The current figure was slightly above average.

Delivery times were longer than in March and the sub-index was below 50.

Purchased stocks increased in April for the sixteenth month in a row.

The employment sub-index was above 50 and showed expansion as it has been doing for the past year.

Featured image: Daily News Hungary

Source: MTI