Poland’s Manufacturing PMI rose from 55.4 points in January to 55.9 points in February. - This is excellent news, especially since it was expected to decline to 54.9 points. The PMI index is currently at its highest since December 2010 and is already close to historic highs - Łukasz Kozlowski, expert of the Employers of Poland.
The most recent data is another very good signal from the Polish economy. The economic recovery in our country already has a solid foundation. Consumers are buying more and more. Companies are increasingly willing to invest. Additionally, although the trade balance always deteriorated as the overall economic situation improved – export remains surprisingly strong. This is combined with a good condition of Polish industry confirmed by the latest PMI surveys.
Business environment is improving in almost all respects - for example, new orders are rising at the fastest pace in nearly 10 years. Better economic situation is also reflected in the willingness to increase employment - which, although in February was slightly lower than in January, remains at a high level .
Aside from an upsurge in the PMI it is also important that it remains at a high level. If this happens in the coming months, we will have good grounds to believe that there is a strong economic recovery – and not stabilization of a still unsatisfactory GDP growth dynamics.
Łukasz Kozłowski, expert of Employers of Poland