Poland PMI

Poland

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.

FocusEconomics Consensus Forecast panelists see industrial production rising 4.9% in 2015, which is unchanged from last month’s estimate. For 2016, the panel expects industrial production to increase 5.5%.


Author:, Economist

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