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Poland PMI January 2022

Poland: Manufacturing PMI dips in January, stays within expansionary territory

The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 54.5 in January, falling from 56.1 in December. Nevertheless, the index remained well above the 50-threshold, signaling a continued improvement in business conditions from the previous month.

January’s reading largely reflected slower growth in both output and new orders, while continued challenges for vendors in the procurement of inputs and rising prices also weighed on activity. However, foreign demand remained strong, with export orders rising for the second month running, while staffing levels grew at the fastest pace in six months.

On the price front, input prices rose notably, with output prices also rising as a consequence. Lastly, firms’ outlook regarding the coming 12 months remained optimistic overall, amid expectations of strong growth ahead.

Commenting on the latest survey results, Paul Smith, economics director at IHS Markit, said:

“Poland’s manufacturing sector extended its current run of expansion at the start of 2022, but the spectres of 2021—supply-side constraints and prices pressures—persisted. Indeed, these challenges manifested themselves by placing restrictions on both output and new order gains.”

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