PMI still a little under 50 in March

Analysis

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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 48.7 points in March from 49 in February, when it slipped under the 50-point threshold that signals expansion in the manufacturing sector for the first time in five months, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday, according to a report by state news wire MTI.

The new orders index fell in March from the previous month but remained over 50.

The production volume index rose, climbing back over the 50-point mark.

The employment index showed an expansion, after pointing to a contraction in February.

Delivery times were longer than in February.

Purchased inventories increased "at a moderate pace" in March after declining in February.

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