Poland: Manufacturing PMI climbs in June
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.