Poland: Manufacturing PMI rises in June
July 1, 2015
The manufacturing Purchasing Managers’ Index (PMI) rose from 52.4 in May to 54.3 in June, according to a release provided by HSBC in collaboration with Markit. As a result of June’s improvement, which marked a three-month high, the index is now resting further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
June’s reading mainly reflected steeper increases in output, new orders and purchasing. However, the rate of job creation eased in June, but remained nonetheless at a historically high level. Markit pointed out that, "the latest figure was in line with the strong trend shown during the first half of the year as a whole and suggests that underlying conditions in manufacturing remain solid.”
Author: Eric Denis , Economist