It weakened over 319.60 early Friday afternoon on international markets before a partial recovery brought it to fluctuate between 317.60 and 319.10 during the weekend.

Hungary’s Association of Logistics, Purchasing and Inventory Management said on Monday its PMI index fell to 50.7 in December from 55.0 in November. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.

The index has been over the growth threshold for more than a year. Analysts said the weakening is due to several factors including a deteriorating the outlook for foreign trade due to the situation in Russia and the euro zone.

Source www.hungarymatters.hu

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