BUDAPEST: Hungary’s manufacturing purchasing manager index (PMI) plunged to 51 points in April 2015 from 55.4 points in March, according to seasonally-adjusted data published by the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM). The index has been over the 50-point mark, showing expansion, for 21 months now.
Hungary’s manufacturing PMI dropped to 51 points in April from 55.4 in March (revised downwardly from 55.6 pts), according to seasonally-adjusted data.
The index has been over the 50-pt mark since August 2013, i.e. 21 months.
Compared to previous April readings, the current value is below the long-term average of 51.9 points and it also lower than the average of the past three April prints (51.4). Most of the sub-indices decreased compared to March.
