Polish PMI rebounds in January

Poland’s Purchasing Managers’ Index (PMI) rose to 48.2 points in January, from 47.6 points in December, according to Markit, a provider of financial information services.

Poland’s PMI was 49.5 points in November, down from 50.4 points in October, public broadcaster Polish Radio’s IAR news agency has reported.

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 the economy is expected to improve, while a PMI rating below 50 indicates that many think it will deteriorate.

The Polish economy grew 5.1 percent last year, the country’s Central Statistical Office (GUS) reported on Thursday.

Polish President Andrzej Duda on Thursday signed into law the country’s budget for this year, which expects the economy to grow 3.8 percent, with inflation targeted at 2.3 percent.

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