MLBKT: PMI has improved but continues to indicate pessimism
The Purchasing Managers ’Index (PMI) has improved greatly, but remains pessimistic, with its seasonally adjusted June value rising to 47.0 percent from 40.7 percent the previous month. Thus, the rate of PMI remained below the 50.0 points that separated growth from decline, still showing a narrowing.
Respondents continued to report unfavorable developments compared to the previous month, although to a much lesser extent than before, the Hungarian Logistics, Purchasing and Inventory Company (MLBKT) said on Wednesday.
The sub-indices examined in the survey increased compared to May, reaching 5 percentage points in six cases. (MTI)
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