The Purchasing Manager Index decreased in January

The seasonally adjusted January Purchasing Manager Index (PMI) became 52.5. It is lower than the 53.9 of December and it is the fifteenth highest since January 1995, the Hungarian Logistics, Purchasing and Inventory Company announced on Monday (MLBKT).

Based on the January PMI, respondents reported more favorable processes overall than in the previous month. January this year was an average month based on previous years’ figures. Both the long-term average since 1995 and the January average have been 52.6, although in the last three years it has risen to 56.6 in January. (MTI)