Poland’s PMI drops to 52.8 in December 2014

Poland’s manufacturing PMI fell by 0.4 point month over month to 52.8 in December 2014, according to report published by Markit Group.

PMI Index remained below neutral threshold for the third month in a row reaching 52.8 point, compared to 53.2 in November. The number is significantly higher than the average 50.1 since the survey started in 1998. It means that conditions in the sector are improving. In the fourth quarter the PMI was at 52.4 and was higher than the average for the third quarter which was at 49.3,” the report said.

An increase in new orders is the main reason behind improving conditions in manufacturing in December. Employment in the sector grows continuously since August 2013 and the pace of growth is the highest since April 2014.

Pin It