Poland’s PMI grew to 54.5 pts in July

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The Poland Manufacturing PMI Index increased by 0.2 points month-on-month to 54.5 points in July, according to a report published by Markit Group and HSBC.

The growth rate for new orders accelerated the most in five months, generating further marked increases in both output and employment. The number of export orders grew at the fastest pace in one and a half year and companies increased their prices for the first time since June 2012,” a press release said.

“A slightly weaker rise in output during the month was countered by stronger increases in both new orders and employment. The PMI data suggest that June’s official 8.9 percent year-on-year rise in manufacturing output will be broadly sustained at the start of Q3, ”Trevor Balchin, senior economist at Markit and author of the report said.

Any figure above 50.0 indicates overall improvement of the sector.

 

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