BUDAPEST, May 2 (Reuters) - Hungary's
seasonally-adjusted Purchasing Managers' Index rose
to 61.9 in April from a revised 56 in March, the Association of
Logistics, Purchasing and Inventory Management (MLBKT) said on
Tuesday.
It said the April reading came in above both the long-term
monthly average of 52.2 and an average reading of 56.1 in the
same month of the past three years. The 50-point mark separates
growth in manufacturing from contraction.
"Following the stable growth in March, we registered a
significant upswing in April," the index publisher said. "Each
sub-component of the index increased, with a majority showing
expansion."
Production volumes rose from March and were above the
50-point mark, posting its highest reading for the month since
1995. The index of new orders also grew and posted its highest
monthly reading since 1995, it said.
Purchase prices increased and still signalled an "intensive
increase," it said, with the index staying above the 50-point
watershed for the 33rd consecutive month.
Export and import indices both remained in growth territory.
(Reporting by Krisztina Than and Gergely Szakacs)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.