Poland: Manufacturing PMI drops in April
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 46.6 in April, down from 48.3 in March. Consequently, the index remained entrenched below the 50-threshold, signaling another deterioration in business conditions from the prior month.
Faster contractions in output and new orders were behind the deterioration in the headline reading, as well as falling employment. On the price front, input costs fell for the first time since April 2016, partially thanks to increased competition amongst suppliers. Similarly, output prices fell for the first time since August 2020. Lastly, there was reduced optimism about the future.