BUDAPEST: The seasonally-adjusted Purchasing Managers Index (PMI) in Hungary saw a rise to 55.1 points in May from April’s 51.2, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, reported this morning.
Halpim said that an index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. The index has been over the growth threshold for more than a year, Halpim reported.
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Among the sub-indices that comprise the PMI, the new orders index rose slightly and was over the 50 threshold, while the production volume index rose and was over the 50 threshold for the fifth month in a row, Halpim said.
