An index of Polish manufacturing rose for the first time in three months in February as recovering domestic and foreign demand spurred industrial output, HSBC Holdings Plc said in its survey of purchasing managers carried out by Markit. The index, prepared by Markit, rose to 52.4 from 51 in January, London-based HSBC said in an e-mailed statement today. That compares with the median forecast of 51.3 in a Bloomberg survey of eight economists.
“Polish manufacturing output growth picked up pace in February with notably better new orders domestically and externally,” Kubilay Ozturk, a London-based economist at HSBC, said in the statement. “Companies increased their purchasing at the fastest pace in nearly two years, which bodes well for sustaining a wide-scale recovery.”
Read more:http://www.businessweek.com/news/2010-03-01/polish-february-manufacturing-pmi-rises-to-52-4-hsbc-says.html
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