PMI continues to climb in January

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 54.9 points in January, climbing from 51.6 points in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday, according to a report by state news wire MTI.

PMI was over the 50-point threshold that signals expansion in the manufacturing sector for the fourth month in a row.

The new orders index rose in January from the previous month and remained over 50.

The production volume index fell, but stayed over the 50-point mark.

The employment index showed an expansion, after falling under the 50-point threshold in the previous month.  

Delivery times were longer than in December.

Purchased inventories rose "at a strong pace" after a "moderate" decline in the previous month.

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