PMI inches up to 52.5 points in August

The Purchasing Managers Index for Poland in August has increased to 52.5 points, from 52.3 points in July. The market consensus was 53.2 points.

“The latest general improvement in operating conditions was partly driven by expansions in output and new orders (in both domestic and export markets). Meanwhile, work outstanding grew for the first time in two-and a-half years in August. In terms of cost pressures, input and output price inflation accelerated in the latest survey,” 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.

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