Illustration - Photo: pxfuel

PMI falls to 50.7 in January

Hungary's seasonally adjusted Purchasing Managers Index (PMI) fell to 50.7 points in January from 65.5 in December, Halpim, the company that compiles the index, said on Tuesday.

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 50.

The production volume index also dropped but stayed over the 50-point mark, showing expansion for the eleventh month in a row.

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