March PMI Slips to 55.3

Analysis

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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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