Poland manufacturing growth rises unexpectedly in December
Image by Pixabay
Poland's manufacturing sector growth unexpectedly improved in December, survey data from IHS Markit showed on Monday. The manufacturing Purchasing Managers' Index, or PMI, rose to 56.1 in December from 54.4 in November.
This was the strongest since July. Economists had forecast a score of 54.1.
A PMI reading above 50 suggests growth in the manufacturing sector. Output and new orders increased since July and August, respectively.
New export orders rose for the first time in four months. Lead time continued to lengthen in December. Input cost and output charges increased in December. Firms remained confident about the next 12 months.
Employment increased in December and backlogs of work rose for the fifteenth month in a row.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.