Poland: Manufacturing PMI drops again in May, but remains entrenched in expansionary territory
June 1, 2015
The manufacturing Purchasing Managers’ Index (PMI) eased from 54.0 in April to 52.4 in May, according to a release provided by HSBC in collaboration with Markit. Despite May’s deterioration, which marked the fourth consecutive fall and a seven-month low, the index is still resting above the 50-threshold that separates expansion from contraction in the manufacturing sector.
May’s reading mainly reflected weak increases in output and new orders. Markit pointed out that, "Poland’s manufacturing sector continued to experience improving business conditions in May, but the upturn continued to soften.” New export orders and output grew at the weakest rate since October 2014. The rate of job creation eased as well in May, but remained nonetheless at a historically high level.
Author: Eric Denis , Economist