Poland PMI June 2018

Poland

Poland: Manufacturing PMI climbs in June

July 2, 2018

In June, the manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, rose 0.9 points to 54.2. Moreover, it remained comfortably above the 50-point threshold that separates expansion from contraction in the manufacturing sector, where it has now been for over three years—the longest expansion recorded since the survey began nearly two decades ago.

June’s reading was the highest since January, recovering from May’s nine-month low as growth in output and new orders regained traction. As workloads grew, firms increased hiring but were unable to stem increasing backlogs and supplier delivery times. Input price inflation jumped on stronger purchasing activity; metal prices, in particular, rose sharply. In turn, selling prices also climbed. Meanwhile, firms remained generally upbeat; new machinery and strong growth prospects kept them broadly optimistic.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.0% in 2018, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 5.2%.


Author:, Economist

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Poland PMI June 2018

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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