World Economy

Hungary PMI Rises

Hungary PMI RisesHungary PMI Rises

Hungary’s manufacturing purchasing manager index stood at 52.2 points in April 2016, according to seasonally adjusted figures, Yahoo reported. The respondents reported overall positive processes compared to the preceding month, although several sub-indices did drop. The latest PMI print signals the continuation economic upturn, whereas the indices are overall somewhat lower than the last two years.  Hungary’s manufacturing PMI rose 0.5 percentage points to 52.2 points in April from 51.7 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management reported on Monday. Although the latest reading is not an outstanding figure, the index remains steadily above the 50-pt mark which signals expansion.