PMI edges up to 57.8 in July

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 57.8 points in July from 57 in June, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) said on Monday, according to a report by state news wire MTI.

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 50.

The production volume index also rose and stayed over the 50-point mark.

The employment index fell but still showed growth.

Delivery times were longer than in June.

The gauge of purchased inventories increased and remained over the 50-point mark.

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