The Purchasing Managers Index for Poland in November has increased to 54.2 points, from 53.4 points in October. The market consensus was 54.3 points. This is the reading’s highest result in nine months.
“The upward movement in the PMI in November reflected faster output growth, a greater lengthening IHS Markit Poland Manufacturing PMI of supplier delivery times and a rise in stocks of purchases. These were partly offset by slightly slower increases in new orders and employment. Manufacturing production in Poland rose for the sixteenth consecutive month in November. The rate of expansion hit an eight-month high, and was strong in the context of historic survey data,” 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.