Hungary’s seasonally adjusted Purchasing Managers Index (PMI) stood at 51.5 points in May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said.
A PMI over 50 signals expansion in the manufacturing sector. A month earlier, Halpim had put the April PMI at 58.9 points. 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 continued to show expansion for the seventh month in a row. Delivery times were longer than in April.
hungarymatters.hu
