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PMI increases to seasonally adjusted 41.0 in December

Hungary's Purchasing Manager Index (PMI) rose slightly in December, increasing to a seasonally-adjusted 41.0 from 39.9 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which publishes the index, said.

All sub-indices were below 50 in December, except for a 52.5 for delivery time.

The adjusted PMI index fell for the first time this year below 50 bp in October, and fell further to a thirteen-year low in November on the effects of the global financial crisis and looming recession.

The unadjusted index dropped to 33.1 in December from 37.7 in November.

A PMI over 50 reflects an expanding manufacturing sector, while a PMI under 50 indicates a contraction. (MTI – Econews)