Poland PMI September 2016


Poland: Manufacturing PMI gains ground in September

October 3, 2016

The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit. This pushed the index further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

September’s improvement mainly reflected pick-ups in output and new orders, which grew at the fastest pace since March. Firms also reduced backlogs of work, stocks of finished goods and inputs. The surge in output did not prevent a slowdown in employment growth, which fell to an over two-year low. Despite a rebound in commodities prices, inflationary pressures remained weak in September.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 1.6% in 2016, which is down 0.3 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 4.5%.

Author: Angela Bouzanis, Senior Economist

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Poland PMI Chart

Poland PMI September 2016

Note: Markit Poland Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: IHS Markit.

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