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PMI drops to 51.2 in February

Hungary's seasonally adjusted Purchasing Manager Index (PMI) fell to 51.2 in February from 53.7 in January, the index's publisher said on Wednesday. While growth has slowed since January, the index is still favorable compared to monthly figures from the previous three years, according to the Association of Logistics, Purchasing and Inventory Management.

An index above 50 indicates a pick-up in industrial activity, while a figure below 50 shows a contraction.