Poland PMI August 2016

Poland

Poland: Manufacturing PMI gains ground in August

September 1, 2016

The Manufacturing Purchasing Managers’ Index (PMI) rose from July’s 50.3 to 51.5 in August, according to a release provided by IHS Markit. As a result, the index lies further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

August’s improvement mainly reflected surging new orders from abroad, which led to growth in output. In addition, employment grew at the fastest rate since March. IHS Markit analysts noted that, “the latest data suggest that the year-on-year drop in official manufacturing output observed in July will not be repeated, and bodes well for manufacturing continuing to support overall GDP growth in the third quarter.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 1.6% in 2016, which is down 0.3 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 4.5%.


Author: Angela Bouzanis, Senior Economist

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Poland PMI August 2016 0

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


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