In its original data release on January 2, Halpim said the PMI was at 52.2 points in December 2016 but it revised its number to a higher value in the Wednesday release.

An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction. In January among the sub-indices that comprise the PMI, the production volume index was up from December and was above the 50 mark for the seventeenth month in a row.

The new orders index increased and was above 50 points, showing an expansion of new orders. Delivery times were longer than in December, the sub-index was below 50.

Purchased stocks increased in January after falling in December. The employment sub-index was above 50 and showed expansion. The sub-index was somewhat higher than in December.

Republished with permission of Hungary Matters, MTI’s daily newsletter.