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.”
Author: Cecilia Simkievich, Economist