Poland PMI May 2016


Manufacturing PMI rises in May

The manufacturing Purchasing Managers’ Index (PMI) rose from April’s 51.0 to 52.1 in May, according to a release provided by Markit. As a result, the index lies further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

May’s reading mainly reflected across-the-board improvements as growth in output, new orders and employment picked-up pace. Markit noted that, “the other key takeaway from May’s survey was the resumption of input price inflation following a survey-record eight-month sequence of falling purchase prices in the sector. Moreover, the rate of inflation was the fastest since October 2013.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 5.1%.

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Poland PMI Chart

Poland PMI May 2016

Note: Markit Poland Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: Markit.

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