Polish PMI falls
PR dla Zagranicy
Paweł Kononczuk
01.08.2017 11:21
Poland’s Purchasing Managers' Index (PMI) fell to 52.3 points in July from 53.1 points in June, indicating the slowest growth in Polish industry in eight months.
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Markit, a provider of financial information services, said in a report that the main reason for the poorer result was slower growth in new orders and the slowest increase in production in nine months.
"Despite this, the latest reading remains above the 19-year average,” Markit said.
A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the coming month.
A higher rating means that it is expected to improve, while a PMI rating below 50 indicates that many think it will deteriorate.
(pk)
Source: IAR