Polish economy holding up

A bit of good news to start the year. HSBC Manufacturing Purchasing Managers’ Index for Poland remained unchanged for December at 52.4. Anything above 50 indicates growth, so it’s a good score.

Kubilay Ozturk, economist at HSBC, said, “While the surge in output and input prices points to inflationary pressures in line with growing economic activity, we still expect the new MPC to remain on hold in the first half of next year. Overall, the release suggests Poland’s economic outperformance will continue into 2010.”

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