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PMI rises sharply in December

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 63.1 points in December from 56.0 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

A PMI over 50 signals expansion in the manufacturing sector.

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

The production volume index also climbed and was over 50.

The employment index indicated growth for the fifteenth month in a row.

Delivery times were shorter in December but the sub-index is still under 50.

The gauge of purchased inventories rose and was above the 50-point mark, signalling a sustained recovery.

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