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Hungary PMI Edges up to 47.4 in September

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 47.4 points in September from 46.7 in August, remaining under the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, according to a report by state news wire MTI.

Among the PMI sub-indices, the new orders index fell from the previous month and was under the 50-point mark.

The production volume index increased and was over 50.

The employment index fell and indicated a contraction.

The delivery times index dropped and stayed under 50.

The gauge of purchased inventories declined and remained under the 50-point mark.

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