The Purchasing Managers Index for Poland in December has increased to 55 points, from 54.2 points in October. The market consensus was 54.5 points. This is the reading’s highest result in 34 months.
“The volume of new orders received by Polish manufacturers rose for the fourteenth month running in December, and at the fastest rate since February 2015. Data suggested that domestic demand rose more sharply than new export business, though the latter still posted a strong expansion.
Output growth also accelerated in December, reaching the strongest pace since the opening month of 2017. This uptick in production supported a stable trend in backlogs despite the sharper increase in new orders,” 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.