Polish PMI falls in March
PR dla Zagranicy
Poland’s Purchasing Managers' Index (PMI) fell to 53.5 in March from 54.2 points in February, according to Markit, a provider of financial information services.
Photo: Radio Poland
Analysts had expected a reading of 54.6 points.
“Business conditions improved solidly amid further rises in output, new orders and employment. That said, rates of growth were below those seen earlier in the quarter. Substantial price pressures continued to affect manufacturers, although optimism about the year ahead picked up to a 13-month high,” Markit said in a report published on Monday.
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. (rg/pk)