Poland: Manufacturing PMI declines in June
July 1, 2016
The manufacturing Purchasing Managers’ Index (PMI) inched down from May’s 52.1 to 51.8 in June, according to a release provided by Markit. Despite the fall, the index remains above the 50-threshold that separates expansion from contraction in the manufacturing sector.
June’s slow-down mainly reflected a drop in purchasing activity by Polish goods producers, which cancelled out some of the acceleration in output, new orders and exports. Markit noted that, “inflation of input prices continued in the latest survey period, but manufacturers cut their own charges for the first time in three months.”
Author: Christopher Mc Innes, Economist