Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Polish March Manufacturing Beats Analyst Forecast, HSBC Says

Polish manufacturing unexpectedly increased in March from the previous month as rising output by companies outweighed a decline in orders and job cuts.

The purchasing managers’ index, a gauge of manufacturing, rose to 50.1 from 50 in February, HSBC Holdings Plc said in an e-mailed statement summarizing the results of a survey by Markit Economics. The median estimate of 21 economists in a Bloomberg survey was 49.7. A reading above 50 indicates expansion, while a figure below 50 shows a contraction.

Poland’s economy, set to grow at the fastest pace this year among the European Union’s 27 members, is slowing as austerity measures curb growth the euro area, its main export market. Manufacturing has been in “stagnation” since January’s 52.2 reading on PMI broke two months of contraction, HSBC said.

“The PMI is marginally disappointing and fits with expectations of slowing growth in 2012,” Agata Urbanska, a London-based economist at HSBC, said in an e-mailed statement. “It underscores that the stronger January reading was more of an outlier and that the near-term outlook is for stagnation.”

The zloty weakened to 4.1412 per euro as of 10:46 a.m. in Warsaw from 4.1405 before the PMI release and was 0.2 percent stronger from March 30. It has gained 7.8 percent this year, the best performance among all currencies tracked by Bloomberg.

New export orders were flat in March as the EU’s debt crisis creates “tough and unstable” conditions, according to the statement.

Economic expansion will slow to 2.5 percent this year from 4.3 percent in 2011, according to the European Commission, the EU’s executive.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.