PMI falls close to 50 threshold in January

Analysis

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 50.7 points in January from 65.5 in December, 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 fell from the previous month but remained over 50.

The production volume index also dropped but stayed over the 50-point mark, showing expansion for the eleventh month in a row.

The employment index declined, but showed growth for the fourth month in a row.

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