Hungaryʼs seasonally adjusted Purchasing Managersʼ Index (PMI) inched down to 54.0 in January, from 54.3 in December, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Friday.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction, noted state news agency MTI.
Among the sub-indices that comprise the PMI, the new orders index rose and remained over the 50 threshold. The production volume index was higher and continued to show expansion.
The employment index also continued to show growth and increased from December.
Delivery times were longer in January. Purchased inventories climbed for the fifth month in a row.