Poland PMI


Poland: Manufacturing PMI inches up in July

August 3, 2015

The manufacturing Purchasing Managers’ Index (PMI) inched up from 54.3 in June to 54.5 in July, according to a release provided by Markit. As a result of July’s improvement, which marked a four-month high, the index is now resting farther above the 50-threshold that separates expansion from contraction in the manufacturing sector.

July’s reading mainly reflected steeper increases in output, new orders and employment. In addition, new export business grew at the fastest rate in almost a year and a half. Markit pointed out that, "the PMI data suggest that June’s official 8.9% year-on-year rise in manufacturing output will be broadly sustained at the start of Q3. The survey also pointed to the first rise in manufacturers’ prices since mid-2012, albeit at a weak rate.”

FocusEconomics Consensus Forecast panelists see industrial production rising 5.3% in 2015, which is unchanged from last month’s estimate. For 2016, the panel expects industrial production to increase 5.8%.

Author:, Economist

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Poland PMI Chart

Poland PMI July 2015

Note: Markit 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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