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PMI climbs to 55.6 in July

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 55.6 points in July from 55.0 in June, advancing further past the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

The new orders index rose in July from the previous month and remained over 50.

The production volume index declined stayed just over the 50-point mark.

The employment index showed expansion for the third consecutive month.

Delivery times were longer than in June.

The gauge of purchased inventories climbed for the third month in a row.

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