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PMI climbs to 53.2 in February

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 53.2 points in February from 50.9 in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday, 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 climbed from the previous month and remained over 50.

The production volume index also rose and stayed over the 50-point mark, showing expansion for the 12th month in a row.

The employment index increased, and showed growth for the fifth month in a row.

Delivery times were longer than in January.

The gauge of purchased inventories climbed for the 10th month straight, and was over 50.

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