By Martin M. Sobczyk
WARSAW--Expansion in Poland's manufacturing sector accelerated sharply in December, Markit Economics said Monday, reflecting another increase in the volume of new orders, as well as growth of employment and exports.
A survey of 300 industrial companies showed that the manufacturing purchasing managers index, a gauge of manufacturing activity, was at 54.3 in December compared with 51.9 in November.
A PMI figure below 50 indicates a contraction in activity, while a number above that level signals expansion.
Inflationary pressure increased rapidly in December because of a weaker zloty aa well as higher prices of metals and oil, Markit also said. Poland's consumer prices rose 0.8% in annual terms in December, according to the Polish statistics office.
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(END) Dow Jones Newswires
January 02, 2017 03:37 ET (08:37 GMT)
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