BUDAPEST: Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 53.0 points in January from 49.9 in December, the logistics association Halpim, which compiles the index, said on Monday.
An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. Among the sub-indices that comprise the PMI, the production volume index rose after signalling contraction in the previous month.
The new orders index also rose and the order stock was over the long-term average. Delivery times were slightly longer than in the previous month, the sub-index last stayed above the 50 points threshold in April 2015. Purchased stocks were up in January after dropping in December. The employment index dropped under 50 points again, indicating contracting employment, after rising in December.
