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Polish PMI hits 17-month high

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Poland’s Purchasing Managers’ Index (PMI) jumped to 54.3 points in December, according to Markit, a provider of financial information services, the highest result since July 2015. Meanwhile, Poland’s PMI was at its lowest in two years, at 50.2 points, just two months earlier.

According to the financial website, experts were expecting a slower PMI growth of 52.2 in December, rising from the 51.9 noted in November.

Trevor Balchin, a senior economist at Markit, said: “Polish manufacturing ended 2016 on a high note with growth of output, jobs and new orders all strengthening in December.”

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.

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