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March PMI slips to 55.3

Hungary's Purchasing Managers Index (PMI) was 55.3 points in March, down from 56.3 in February, Halpim, the index's compiler, said on Monday.

A PMI over 50 signals expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index fell from the previous month but remained over the 50-point mark.

The production volume index dropped but was over 50.

The employment index declined but indicated growth for the 18th month in a row.

The delivery times index fell and remained under 50.

The gauge of purchased inventories increased and stayed above the 50-point mark.

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