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renegadebusdallas.com June 23, 2018


Poland Manufacturing Growth At 34-Month High

02 January 2018, 10:54 | Lionel James

The UK's manufacturing activity dipped in December

BRITAIN-ECONOMY-MOTORCYCLE

The Indian manufacturing sector ended the year on a strong note, with operating conditions in December improving at the strongest rate in five years driven by significant increase in new orders, a monthly survey said.

China's manufacturing purchasing managers' index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to the National Bureau of Statistics (NBS) data released Sunday. The index has held above the 50 line separating growth from contraction for every month since November 2013.

"Weak domestic demand was reported as the key reason behind lower volumes of new business, as new export orders rose for the second month in succession".

"Strong business performance was underpinned by the fastest expansions in output and new orders since December 2012 and October 2016 respectively".

Resulting from improved demand conditions, Indian manufacturers upped their staffing levels at the end of the year. Anecdotal evidence pointed to stronger market demand from home and global markets.

Poland Manufacturing Growth At 34-Month High
Poland Manufacturing Growth At 34-Month High

Businesses would remain positive in terms of output over the next 12 months.

The country's manufacturing sector witnessed higher payroll figures in December while the rate of job creation rose to its highest since August 2012.

"On the price front, input cost inflation remained sharp overall and continued to place pressure on firms' margins", it added.

"Given the strong conditions evident in the manufacturing sector, it is no surprise to see that firms are upbeat about the outlook, with more than six times as many companies expecting to see growth in 2018 as opposed to those who anticipate a decline", said Investec Ireland chief economist Philip O'Sullivan.

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