Budapest, January 4 (MTI) – Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.1 points in December from 55.8 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (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 fell. In the last 20 years there was only one occasion when the sub-index was lower than its current level.
The new orders index was also under the 50 point threshold and below the long running average measured since 1995 and also below the average of the previous three years.
Delivery times were longer than in November, the sub-index last stayed above the 50 point threshold in April 2015.
Purchased stocks were down in December after growing in November.
The employment index climbed back above 50 points in December.