Poland: Manufacturing PMI dips slightly from January's high
March 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) fell slightly from January’s 54.8 to 54.2 in February, according to IHS Markit. The small drop followed the highest reading in nearly two years in January, though the index remains firmly above the 50-threshold that separates expansion from contraction in the manufacturing sector.
February’s strong reading reflected growth in output, new orders and employment. Inflationary pressures, possibly driven by exchange rate instability, continued to rise and once again squeezed manufacturers with higher raw material costs. Expected future output rose to a 10-month high as optimism prevailed among manufacturers.
Author: Christopher Thomas, Economist