PMI Falls to 55 Points
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Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 55 points in January from 59.3 in December, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said this week, according to portfolio.hu.
A PMI above 50 signals expansion in the manufacturing sector.
Among the PMI sub-indices, the new orders index and the production volume index both fell from the previous month but remained over the 50-point mark.
The employment index indicated growth for the 16th month in a row. The delivery times index fell further under 50.
The gauge of purchased inventories rose above the 50-point mark.
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