Poland PMI


Poland: Manufacturing PMI moves back into expansionary territory in October

November 3, 2014

The manufacturing Purchasing Managers’ Index (PMI) increased from 49.5 in September to 51.2 in October, according to a release provided by HSBC in collaboration with Markit. October’s result marked the first month since June 2014 in which a figure above the 50-threshold that separates expansion from contraction in the manufacturing sector has been recorded.

October’s print reflected a strong improvement in output and new orders, while the employment index increased only slightly. New orders increased for the first time in five months in October. Conversely, new exports orders fell for the sixth consecutive month, reflecting the sluggish demand in the Euro area.

FocusEconomics Consensus Forecast panelists see industrial production rising 3.5% in 2014, which is down 0.2 percentage points from last month’s estimate. For 2015, the panel expects industrial production to increase 4.8%, which is down 0.3 percentage points from last month's forecast.

Author:, Economist

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Poland PMI Chart

Poland PMI October 2014 0

Note: HSBC 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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