Poland PMI

Poland

Poland: Manufacturing PMI continues to improve in November

December 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) increased from 51.2 in October to 53.2 in November, according to a release provided by HSBC in collaboration with Markit. As a result, the index is now further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

November’s print reflected a strong improvement in output and new orders, which grew at the fastest rates since March. New export businesses expanded for the first time since April. In addition, as pointed out by Markit, “employment in the sector increased for the sixteenth month running, while the rise in purchases of inputs was the first registered since April.”

FocusEconomics Consensus Forecast panelists see industrial production rising 3.4% in 2014, which is down 0.1 percentage points from last month’s estimate. For 2015, the panel expects industrial production to increase 4.6%, which is down 0.2 percentage points from last month's Consensus.


Author:, Economist

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Poland PMI November 2014 0

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


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