The Purchasing Managers Index for Poland in June has inched up to 53.1 points, from 52.7 points in May. The market consensus was 53.7 points.
“A solid expansion in production was fueled by a near two-year high rate of growth in new orders. In addition, a further softening of price pressures painted a healthy picture of the current operating environment. Business confidence remained strong in June, indicating that growth momentum will be carried forward into the second half of the year,” Markit said.
The headline Markit Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50.0 indicates an overall improvement of the sector.