Reuters: Polish manufacturing expands after 3 months of decline

(Reuters) – Manufacturing in Poland, ex-communist central Europe’s largest economy, returned to growth in October, starting to catch up with stronger expansion in the Czech Republic and Hungary in a sign of regional robustness in the face of Russian sanctions.

The Polish manufacturing PMI rose to 51.2 last month, its highest level in six months, from 49.5 in September and above a Reuters forecast of 49.9. The 50 point mark separates expansions in activity from contractions.

The rise in the index followed a three-month contraction and was driven by increases in output and new orders, said Markit and HSBC, which publish the index.

Read the story here

Be the first to comment

Leave a Reply

Your email address will not be published.


*


Time limit is exhausted. Please reload the CAPTCHA.