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PMI reaches 51.5 in May

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 on Wednesday.

A PMI over 50 signals expansion in the manufacturing sector.

The index value continued to improve and signals expansion now, too, after the April value which signalled further growth, Halpim said.

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.

The gauge of purchased inventories rose, albeit at a slower pace than in April, and was over the 50-point mark.

The export and import indicies were both over the 50-point mark.

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