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May PMI drops to 57.1

Hungary's seasonally adjusted Purchasing Managers Index (PMI) fell to 57.1 points in May from 61.9 in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index rose from the previous month and remained over the 50-point mark.

The production volume index fell but was over 50.

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