Poland PMI November 2016

Poland

Poland: Manufacturing PMI rises from over one-year low in November

December 1, 2016

The Manufacturing Purchasing Managers’ Index (PMI) rose from October’s over one-year low of 50.2 to 51.9 in November, according to IHS Markit. The index lies above the 50-threshold that separates expansion from contraction in the manufacturing sector.

November’s improvement in Poland reflected a rise in new orders that helped lift output and sparked manufacturers to add jobs. Meanwhile, price pressures picked up and input prices grew at the fastest pace in over four years. Commenting on the result, IHS Markit analysts added, “Polish manufacturing regained some momentum in November, with the PMI rising to a level slightly greater than the average for 2016 so far.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.2% in 2016, which is down 1.6 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 3.9%, which is down 0.3 percentage points from last month’s projection.


Author: Angela Bouzanis, Senior Economist

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Poland PMI November 2016

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: IHS Markit.


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