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December PMI inches down to 53.2

3rd January 2014
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Manufacturing PMI for the fourth quarter of 2013 stood at 53.6, which means it was the highest since Q1 2011

At 53.4, PMI December reading was the second highest since May 2007
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Poland’s manufacturing PMI figure inched down to 53.2 points in December 2013 from 54.4 in November, data published by HSBC and Markit Economics show. The reading signals a slight slowdown of growth in the manufacturing sector. 
 
Manufacturing PMI for the fourth quarter of 2013 stood at 53.6, which means it was the highest since Q1 2011. 
 
“The rates of growth for output, new orders and exports all remained strong, but were weaker than in November. The underlying strength of demand in the sector was further illustrated by ongoing solid increases in both input volumes and employment,” the institutions wrote in their statement. 
 
“The December output PMI index fell to July’s level and new orders recorded the weakest growth in three months. But the employment index kept rising and, at 53.4 in December, was the second highest since May 2007,” Agata Urbańska-Giner, CEE economist at HSBC was quoted as saying.
 
Any PMI reading above 50 indicates improving business conditions.
 

From Warsaw Business Journal


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