Poland's manufacturing PMI up m/m in July

Kalbar/TFN

Poland's Purchasing Managers' Index (PMI) grew to 52.8 points in July 2020 from 47.2 points in June, the economic research company IHS Markit reported on Monday.

Analysts surveyed by PAP expected July's PMI to reach 50.0 points.

The latest figure signalled the strongest month-on-month improvement in the underlying health of the manufacturing sector for two years, and was well above the long-run trend level (since 1998) of 50.3. The 5.6-point rise in the headline figure was smaller than the gains posted in May and June, but still the third-biggest one-month gain since the series began," the study reads.

Increase in orders was the strongest since July 2018, driven by both domestic and export orders, Markit added.