Hungary February PMI Index Shows Manufacturing Expansion Slows
Hungary’s purchasing managers’ index declined in February, indicating that the expansion in manufacturing slowed as the country struggled to emerge from recession.
The PMI, as reported by the purchasing managers of 100 manufacturing companies, fell to 54 points in February, from 55.9 in January, MLBKT, the company which compiles the data, said in a report today.
The PMI index is a weighted average of five indexes: new orders, production volume, employment, transportation time, and purchased inventory. A reading below 50 indicates a contraction in output.
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