Hungary PMI rises to 56.5 in January

Budapest, February 1 (MTI) – Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 56.5 points in January from a revised 52.8 points in December 2016, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Wednesday.

In its original data release on January 2, Halpim said the PMI was at 52.2 points in December 2016 but it revised its number to a higher value in the Wednesday release.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.

In January among the sub-indices that comprise the PMI, the production volume index was up from December and was above the 50 mark for the seventeenth month in a row.

The new orders index increased and was above 50 points, showing an expansion of new orders.

Delivery times were longer than in December, the sub-index was below 50.

Purchased stocks increased in January after falling in December.

The employment sub-index was above 50 and showed expansion. The sub-index was somewhat higher than in December.

Source: MTI