Poland: Manufacturing PMI rises in April
May 2, 2017
The Manufacturing Purchasing Managers’ Index (PMI) rose from 53.5 points in March—a four-month low—to 54.1 points in April, according to IHS Markit. The index remains firmly above the 50-threshold that separates expansion from contraction in the manufacturing sector, where it has been since October 2014.
April’s reading reflected strong growth in output, new orders and employment and signaled an overall improvement in manufacturing conditions in the country. The current economic upturn in Europe fueled new orders, which in turn led to higher production capacity and robust job growth. Manufacturers reported that increased production allowed them to decrease their backlogs of work in April and thus outstanding work continued to fall. Regarding prices, input price inflation moderated to a five-month low, while output prices also eased owing to lessening cost pressures. Sam Teague, economist at IHS Markit confirmed the bright picture, commenting that, “improved business conditions translated into positive sentiment, with confidence towards future output at its strongest for 14 months.”