Polish industry returns to growth; firms raise prices and hope for further improvement (opinion)
Poland's manufacturing sector purchasing managers' index (PMI) rose above the 50-point level in February for the first time since April 2022. As demand accelerates, companies are raising prices and hoping for further improvement, PKO BP economists pointed out in a commentary following the data.
"Polish industry is finally returning to growth. After 33 months in the 'downturn zone', the PMI in February rose to 50.6 points vs. 48.8 points in January. New orders and production are rising, companies are hiring and forecasts are the best in a year," PKO BP economists wrote on X.
"Growth is still moderate, and with demand accelerating, companies are raising prices and hoping for further improvement. Production costs continue to fall, but the pace is slowing. This is a turning point, and we hope that the rebound will continue in the next few months," they added.
On Monday, S&P Global reported that Poland's manufacturing index (PMI) for February was 50.6 points, up from 48.8 points in January.
The index rose above the 50-point level for the first time since April 2022.
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