Polish PMI rose in December to the highest level since March

The Purchasing Managers' Index (PMI) of the Polish manufacturing sector rose to 45.6 points in December 2022 from 43.4 points recorded a month ago, S&P Global reported. The index reached its highest level since May but stayed below the 50.0 mark which separates extension from contraction. The market consensus was 44 points.

“Both production and new orders fell. Employment and purchasing activity continued to decrease. However, the decline rates in December were milder than those recorded in November,” S&P Global reported.