Hungary’s purchasing managers’ index plunged to 46.9 points in April, the lowest since August 2009, the Hungarian company MLBKT said in a report today.
The PMI, as reported by the purchasing managers of 100 manufacturing companies, is a weighted average of five indexes: new orders, production volume, employment, transportation time, and purchased inventory. A reading below 50 indicates a decline in output.
To contact the reporter on this story: Zoltan Simon in Budapest at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com