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.”