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Polish PMI hits 17-month high

PR dla Zagranicy
Victoria Bieniek 02.01.2017 12:18
Poland’s Purchasing Managers' Index (PMI) jumped to 54.3 points in December, according to Markit, a provider of financial information services, the highest result since July 2015.
Photo: pixabay.comPhoto: pixabay.com

Meanwhile, Poland’s PMI was at its lowest in two years, at 50.2 points, just two months earlier.

According to the financial website bankier.pl, experts were expecting a slower PMI growth of 52.2 in December, rising from the 51.9 noted in November.

Trevor Balchin, a senior economist at Markit, said: “Polish manufacturing ended 2016 on a high note with growth of output, jobs and new orders all strengthening in December.”

A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the coming month.

A higher rating means that it is expected to improve, while a PMI rating below 50 indicates that many think it will deteriorate. (vb)

Source: IAR

tags: PMI
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