Polish PMI down but industry mood still upbeat
PR dla Zagranicy
Poland’s Purchasing Managers' Index (PMI) fell to 53.4 points in October from 53.7 in September, according to Markit, a provider of financial information services.
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Analysts had expected a reading of 53.9 points in October, according to Poland’s PAP news agency.
In August, Poland’s PMI inched up to 52.5 from 52.3 in July. Meanwhile, the July reading fell from 53.1 points in June.
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.