Polish PMI rises to highest level in 30 months
December 3, 2013
Poland's purchasing managers' index PMI moved up to 54.4 points in November, the highest level since April 2011, from 53.4 pts in October, supported by strong demand from both domestic and export markets, a PMI report by HSBC and Markit showed.
"In particular, new orders increased at the fastest rate since the start of 2011, and output rose at the strongest pace in over two-and-a-half years as a result," the report reads.
New orders increased for the sixth month running, and the rate of expansion strengthened further, to the sharpest since January 2011, the researcher said. New export orders eased from October's record-high rate, but remained strong at the second-highest expansion rate in 34 months.