Poland’s manufacturing grew at the slowest pace in four months in April, but activity growth remained at an elevated level, survey figures from Markit Economics showed Monday.
The headline HSBC manufacturing purchasing managers’ index, or PMI, fell to 54.0 in April from 54.8 in the previous month. Economists had expected the index fall to 54.6.
However, any reading above 50 indicates expansion in the sector. The headline figure remained well above its long-run average of 50.2, signalling a strong overall rate of growth.
Manufacturing new orders rose for the seventh month running in April, though the rate of growth eased to the weakest in this year so far.
Production rose sharply in April, owing to ongoing solid expansion in new business.The rate of growth was little-changed from February and March.
Employment level in the manufacturing sector increased for the twenty-first consecutive month in April .
On the price front, input prices rose for the third consecutive month in April, due to higher import prices resulting from the US dollar. Meanwhile, selling prices dropped further during the month.
The material has been provided by InstaForex Company – www.instaforex.com