PMI edges under 50 in February

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.4 points in February from 54.5 in January, slipping under the 50-point threshold that signals expansion in the manufacturing sector for the first time in five months, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

The new orders index fell in February from the previous month but remained over 50.

The production volume index declined and slipped under the 50-point mark.

The employment index showed a contraction, after rising over the 50-point threshold in the previous month.

Delivery times were longer than in January.

Purchased inventories declined "at a moderate pace" in February.

 

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