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Manufacturing PMI above expectations

PR dla Zagranicy
Roberto Galea 01.07.2015 16:29
Poland’s Price Managers’ Index (PMI) has increased to 54.3 points in June, ahead of analyst expectations.
Photo: glowimagesPhoto: glowimages

The figure increased from a seven-month low, according to data released on Wednesday by Markit Economics.

Analysts quoted by Macronext had expected a figure of 52.1. In May the PMI index stood at 52.4.

“Growth rates for output, new orders and purchasing all accelerated since May, and employment growth was maintained at a solid, albeit slower, pace. The latest survey also highlighted a sharper rate of input price inflation, although price pressures generally remained subdued and firms continued to cut their own prices,” Markit wrote in a statement.

A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the next month. A higher rating means that it will improve, while a PMI rating below 50 indicates that many think it will deteriorate. (rg)

tags: business, PMI
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