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Polish PMI falls in February

PR dla Zagranicy
Paweł Kononczuk 01.03.2017 10:57
Poland’s Purchasing Managers' Index (PMI) fell to 54.2 points in February from 54.8 points in January, according to Markit, a provider of financial information services.
Photo: pixabay.comPhoto: pixabay.com

Analysts had expected a reading of 54.6 points.

Markit said that although the indicator was slightly lower than in December (54.3) and in January, it remained well above the long-term average of 50.4.

“The latest PMI analysis conducted by Markit found that the rapid pace of growth in Polish industry observed over the last few months has continued in February,” 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.


Source: PAP

tags: economy, PMI
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