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Hungary PMI slips to 51.7 in April

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 51.7 in April from 55.5 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Thursday. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. Among the sub-indices that comprise the PMI, the new orders index "fell more sharply" but was still over 50. The index has been over the threshold for five of the past six months. The production volume index fell but still showed expansion. The employment index remained over 50, as it has since January.

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