Hungary's PMI falls to adjusted 51.7 in November
Hungary's seasonally-adjusted Purchasing Manager Index (PMI) fell to 51.7 in November from 54.4 in October, showing growth is slowing down, Halpim, the company which compiles the index, said on Friday.
A PMI over 50 reflects an expanding manufacturing sector and a PMI under 50 means the sector is contracting.
Among the indices which comprise the index, new order volume was 54.5, down 4.6 from October, and production volume fell 4.2 to 52.0. The employment index rose 1.2 to 48.9, showing a contracting employment market for the second month in a row. The transport time index fell a slight 0.1 to 48.4 from October to November, and the index of purchased inventories fell 1.9 to 51.5.
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