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.
Author: Cecilia Simkievich, Economist