Actual (January): 53.1
Previous (December): 50.9
PMI rises steadily for 12 months after reaching the bottom in January 2009. The value above 50 points suggests improving conditions in the manufacturing sector driven by increasing new orders and output. Employment sub-index remains under 50, but it is almost approaching this level and suggests that even the labor market can turn around this year.
The same indication provided industrial output in December (released last Friday). The reason behind is the same: better conditions in the Euro-zone.