MLBKT: The Purchasing Managers’ Index rose in May
The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in May was 40.3, which is higher than the 33.7 point in April, but still the lowest value ever in May. Respondents continued to report unfavorable developments – the Hungarian Logistics, Purchasing and Inventory Company (MLBKT) told MTI on Tuesday.
Compared to previous May, this year’s value is below the long-term May average of 52.8 and is below the 57.1 average of the past three years. (MTI)
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