The Purchasing Managers Index for Poland in June has increased to 54.2 points, from 53.3 points in January. The market consensus was 53.1 points. This is the best result since the beginning of the year.
“The rise in the PMI in June reflected faster rates of expansion in new orders, output, and employment. The strengthening in output growth reflected a faster increase in new orders. The pace of growth in new work was the strongest in four months, with firms commenting on positive domestic demand. New export business increased modestly having declined slightly in May. With workloads rising, manufacturers sought to boost headcounts. Employment in the sector increased at the fastest rate since April 2017 and was among the strongest recorded since the series began in June 1998. That said, some firms continued to report staff shortages,” 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 indicates an overall improvement of the sector.