Logo Polskiego Radia

Polish PMI shows sixth successive month of improvement

PR dla Zagranicy
Roberto Galea 01.04.2015 12:49
New orders rose at a “sharp, albeit slower pace”, partly due to the stronger dollar, HSBC wrote in a report on the Polish economy.
Photo: cc/Flickr.com/401(K) 2012Photo: cc/Flickr.com/401(K) 2012

“The Polish manufacturing sector rounded off the best quarterly performance for a year in March,” according to PMI data compiled by Markit for HSBC.

Last month, PMI (Purchasing Managers’ Index) stood above neutrality at 54.8, down for February’s 55.1.

However, HSBC said that “the average over the first quarter as a whole was the highest since Q1 2014, and the second-highest since Q4 2010.”

A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the next month. A higher rating means that it will improve, while a PMI rating below 50 indicates that many think it will deteriorate.

Exports improve on dollar

“Input prices rose at the strongest rate in 17 months, again linked to the stronger dollar, though firms continued to cut prices for finished goods,” the report read.

This was the 28th month in a row that manufacturers have cut prices.

In February, industrial production in Poland increased by 4.9 percent year-on-year, according to Poland’s Central Statistical Office (GUS). (rg)

tags: exports, PMI
Print
Copyright © Polskie Radio S.A About Us Contact Us