PMI edges down to 52.2 in November
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) reached 52.2 points in November, edging down from 52.9 in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday, 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 rose from the previous month and remained over 50.
The production volume index fell, but stayed over the 50-point mark, showing expansion for the ninth month in a row.
The employment index rose for the second month in a row.
Delivery times were longer than in October.
The gauge of purchased inventories climbed for the seventh month in a row.
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