Poland: Manufacturing PMI at record-high in May, amid mounting price pressures
June 1, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 57.2 in May, up from April's 53.7 and marking the highest reading on record. Consequently, the index moved further above the 50-threshold signaling an improvement in business conditions from the previous month.
In May, output, new orders and employment growth accelerated and despite ongoing shortages of raw materials. On the price front, input cost inflation hit a fresh record-high in May, largely owing to strong demand for inputs and supply bottlenecks, while output charges also rose at a fresh record-rate as firms passed on costs to clients.
Author: Hanna Andersson, Economist