March PMI Slips to 55.3
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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 55.3 points in March from 56.3 in February, 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 fell from the previous month but remained over the 50-point mark.
The production volume index dropped but was over 50.
The employment index declined but indicated growth for the 18th month in a row.
The delivery times index fell and remained under 50.
The gauge of purchased inventories increased and stayed over the 50-point mark.
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