PMI index for Poland up to 54.7 points in February
23:01
The Markit PMI Purchasing Managers' Index of the Polish industrial sector rose to 54.7 points in February this year from 54.5 points a month ago, a specialist economic research provider Markit said. Inflation is slowing down and supply delays are decreasing.
The market consensus was 54.7 points.
Paul Smith, the senior economist, IHS Markit, pointed out that February saw some positive changes in the Polish industrial sector.
“Economic growth has strengthened thanks to stronger demand, both domestically and internationally, which has led to another increase in employment. Looking at producer surveys, it was possible to get the impression that growth could have been stronger had it not been for the constant absences of workers and shortages of raw materials. Although it was signaled that supply constraints were weakening, they remain severe and underpin inflationary pressure. Companies, trying to meet the current challenges, purchase goods and materials that are just available on the market to increase their buffer stocks. But these efforts are likely to exacerbate the supply side difficulties,” Smith commented.
