The British market researcher reported that the Polish PMI went up to 56.1 in December from 54.4 in November on the back of strong increases in new orders and production.
"Poland’s manufacturing economy enjoyed a strong end to 2021, expanding at an accelerated rate on the back of firmer gains in both new orders and production," IHS Markit said on Monday.
"Jobs were added as capacity pressures persisted, and firms on average expect positive trends to continue over the next year," it added.
Its Economics Director Paul Smith was cited as saying that the Polish manufacturing sector "enjoyed a decent month in December, expanding at a stronger rate as both production and new orders picked up."
Smith added in a statement that "confidence about the future also improved as firms eyed a continuation of these positive trends."
Poland’s PMI in April last year fell to its lowest level on record amid virus fears, sinking to 31.9 from 42.4 a month earlier at the height of the COVID-19 crisis, according to the British market researcher.
The PMI is a composite indicator of manufacturing performance evaluated on the basis of new orders, output, employment, suppliers’ delivery times and stocks of purchases.
Any figure greater than 50 indicates overall improvement of the sector, according to IHS Markit.
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Source: PAP, markiteconomics.com