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Strong rise in new export orders in January


2011-02-15

Latest surveys of manufacturing conditions, and particularly the January reading of the PMI index (whose component indicator measuring new export orders reached an all-time high last month), suggest that foreign demand should remain strong also in the early part of this year. Given the much higher reference base compared with 2010, we forecast that in 2011 Polish exports of goods will rise by 10.6%, while imports will grow by 12.5%.



Paweł Sionko
Construction Market Analyst, PMR

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