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Financial News: Poland Factory Growth At 5-Month High

Poland Factory Growth At 5-Month High

10/02/2017 - 06:51:00 (RTTNews)

(RTTNews) - Poland's manufacturing activity expanded at the sharpest pace in five months in September, largely driven by an accelerated growth in new orders, survey figures from IHS Markit showed Monday.

The headline Purchasing Managers' Index, or PMI, rose to 53.7 in September from 52.5 in August. Any reading above 50 indicates expansion in the sector.

New orders grew at the strongest pace in thirty-one months in September. The rate of expansion in production accelerated to the fastest since April.

At the same time, employment remained stagnated in September, ending a survey-record 49-month sequence of job creation.

On the price front, input price inflation accelerated to a four-month high in September, led by higher steel prices. This forced firms to raise their own prices at the strongest rate since April 2011.

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