Poland: Manufacturing PMI rises to 11-month-high in January
February 2, 2015
The manufacturing Purchasing Managers’ Index (PMI) jumped from 52.8 in December to 55.2 in January, according to a release provided by HSBC in collaboration with Markit. As a result of the increase, the index moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
January’s improvement reflected strong increases in manufacturing output, new orders and employment. Output rose at the fastest pace since February 2014. Regarding new orders, Markit pointed out that, “the growth rate of manufacturing new orders accelerated sharply in January to the highest for almost a year. New business has now increased for four successive months, having previously declined from June through to September last year.” Despite the improvement in output, input and ouput prices fell on the back of lower oil and steel prices.
Author: Cecilia Simkievich, Economist