Polish PMI inches up
PR dla Zagranicy
Poland’s Purchasing Managers' Index (PMI) inched up to 52.5 in August from 52.3 in July, according to Markit, a provider of financial information services.
The July reading fell from 53.1 points in June, indicating the slowest growth in Polish industry in eight months.
Monika Kurtek, chief economist of Bank Pocztowy, said that August saw an increase in production and orders, both domestic and foreign.
Buts she added that entrepreneurs were worried at a rise in production costs, reflecting international commodity prices.
However, she said GDP growth in the third quarter could be even higher than the 3.9 percent in the second three months.
A neutral PMI rating of 50 means that businesspeople in the country feel that trends in industry will not change over the coming month.
A higher rating means that trends are expected to improve, while a PMI rating below 50 indicates that many think they will deteriorate.