BUDAPEST (Thomson Financial) - Hungary's adjusted Purchasing Manager's Index
(PMI) rose marginally to an adjusted 52.7 points in April from 52.5 points the
month before, according to the index's compilers MLBKT.
A PMI reading under 50 generally indicates the economy is contracting while
a reading over 50 suggests it is expanding. The PMI is seen as an early
indication of economic performance before official data later in the month.
The sub indices suggested that acquisition prices had dropped 1.9 percent,
the steepest decline of any of the sub indices in April, dragging the headline
figure down with it.
edward.krudy@thomsonreuters.com
ek1/hjp
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