December PMI Climbs to 63.1

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 63.1 points in December from 56 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, according to a report by state news wire MTI.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index rose from the previous month and remained over the 50-point mark.

The production volume index also climbed and was over 50.

The employment index indicated growth for the fifteenth month in a row.

The delivery times index remained under 50.

The gauge of purchased inventories rose and was above the 50-point mark.

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