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Hungary CMI falls well under 50 contraction threshold

Hungary's Credit Manager's Index (CMI) fell to 42.3 in Q4 of last year from 50.5% in the previous quarter, theHungarian Credit Management Association (MCMSz) said. An index over 50 signals economic expansion. An index under the threshold shows contraction. The index is based on a survey of credit managers, factors and financial officers.