Poland PMI

Poland

Poland: Manufacturing PMI edges down to year-low

July 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) inched down from 50.8 in May to 50.3 in June according to a release provided by HSBC. The new PMI reading undershot market expectations of a rise to 51.0 and represents the lowest result in a year. The index has suffered four consecutive declines and is now barely holding on above the 50-threshold that indicates expansion in the manufacturing sector.

June’s figure was weighed down by stagnation in the new orders category, which dipped below the 50-threshold and reached to the lowest level since last May. Moreover, the volume of inputs purchased by manufacturers declined for the second consecutive month. Input and output prices also registered declines. Meanwhile, output and employment expanded only modestly.

FocusEconomics Consensus Forecast panelists see industrial production rising 5.3% in 2014, which is up 0.3 percentage points from the previous month’s estimate. For 2015, the panel expects industrial production to increase 6.5%.


Author:, Economist

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Poland PMI June 2014 0

Note: HSBC Poland Manufacturing Purchasing Managers’ Index. Readings above 50 points indicate an expansion in the manufacturing sector while readings below 50 points indicate a contraction.
Source: HSBC and Markit.


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