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Poland’s PMI remains steady

PR dla Zagranicy
John Beauchamp 02.03.2015 12:09
Poland’s Purchasing Managers Index (PMI) stood at 55.1 points in February, a drop of 0.1 points month-on-month, Markit financial services announced on Monday.
Photo: sxc.huPhoto: sxc.hu

“The Polish manufacturing sector continued to experience a strong upturn in business conditions in February,” a statement from Markit reads.

“New orders received by Polish manufacturers increased for the fifth consecutive month in February. The rate of growth remained sharp, despite moderating slightly from January’s 11-month peak. New export orders also increased at a moderated pace during the month,” the statement reads.

According to Markit, February also saw employment growth for the third consecutive month since to fall just short of record employment levels seen in January 2014.

“Growth rates for output and new orders remained historically sharp despite easing since January, while manufacturing employment increased at the second-fastest rate in the survey history,” the statement reads.

“The prices manufacturers paid for their inputs rose on average in February, following a two-month sequence of fractional decline,” the Markit statement reads.

“Meanwhile, prices charged for Polish manufactured goods declined for the twenty-seventh consecutive month, and at a solid pace. This was linked mainly to competitive pressure”. (jb)

tags: economy, industry, PMI
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