Bloomberg News

Hungarian April Manufacturing PMI Plunges to Lowest in 32 Months

May 02, 2012

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 zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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