PMI for Poland up to 48 pts m/m in December 2019

The Markit PMI Index of Purchasing Managers of the Polish industrial sector increased to 48 points in December 2019 from 46.7 points recorded a month ago, said Markit, a specialist supplier of economic research. The rate of decline in new orders and production slowed down, and forecasts for future activity improved after record weak results recorded in November.

“In December, PMI rose from November's level of 46.7 to 48, recording a negative value for fourteen consecutive months (the rate of decline was, however, the slowest since August). The latest reading is in line with the trend observed since November last year when the indicator first dropped below the neutral threshold of 50,” the report reads.

(ISBnews)