Poland: Manufacturing PMI picks up in February

The manufacturing Purchasing Managers’ Index (PMI) rose from January’s 50.9 to 52.8 in February, according to a release provided by Markit. The reading represented the best print in seven months as the index moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

February’s reading mainly reflected strong expansion in output and new orders. Markit noted that, "February’s rise in the Polish PMI provides some reassurance following January’s weak start to the year”.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 7.0% in 2016, which is down 0.3 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 5.8%.