Poland’s PMI up in December

In Poland, the industrial PMI rose to 54.3 points from 51.9 in November, according to data released on Monday by Trading Economics. This was the highest reading since 2015 and also beat the second-best index reading for 2016 by half a point, which was in March of 2016, when it was 53.8. Most other European countries also recorded increases. In Spain, it rose to 55.3 points in December, from 54.5 during November. In Germany, it rose to 55.6 from 54.4, while in the Czech Republic it reached 53.8, from 52.2 during the previous month. The average for the entire Eurozone increased to 54.9 points, from a reading of 53.7 in November. The index reflects managers’ assessments of their companies’ levels of production, new orders, supplier deliveries and also of the overall employment environment. In Poland, the PMI averaged 51.42 during the five years between 2011 and 2016, reaching its highest point, 55.9, in February of 2014.