PMI Falls to 55 Points
Image by Pixabay
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.
Motor Fuel Prices Fall Below Avg in Neighboring Countries
China-Hungary Cooperation 'Story of Continuous Friendship', ...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
