PMI highest since December 2010
22:49
The Poland Manufacturing PMI index grew to 55.9 points in February compared to 55.4 in January 2014, HSBC and Markit Economics said in a press release. It has thus reached the highest level since December 2010.
The PMI figure has remained over 50 for the past eight months, signaling improving conditions in the country’s manufacturing sector.
The best-performing factor last month was new orders, which grew at the fastest pace since April 2004, the statement said. This growth was generated by both domestic and export demand. Foreign demand grew at the second-fastest rate in more than three years.
“The PMI survey remains in line with our 2014 macro outlook,” CEE economist at HSBC Agata Urbańska-Giner was quoted as saying. “This assumes a further pick-up in GDP growth through 2014 with limited inflationary pressure and CPI staying below the 2.5% central bank target.”
Poland A.M.
