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.”
Author: Eric Denis , Economist