Hungary’s Purchasing Managers Index rises to 55.4 in May

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 55.4 points in May from 53.3 points in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Friday.

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

Among the sub-indices that comprise the PMI, the May production volume index was up from April and was above the 50 mark now for 33 months in a row.

The new orders index also increased and stayed above 50 points, showing an expansion of new orders. The current figure was above average.

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

Purchased stocks increased in May for the seventeenth month in a row.

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

Source: MTI