Poland: Manufacturing PMI edges up in June
July 3, 2017
The Manufacturing Purchasing Managers’ Index (PMI) climbed from May’s 52.7—a six-month low—to 53.1 in June, according to IHS Markit. With June’s reading, the index now stands further above the 50-point threshold that distinguishes expansion in the manufacturing sector, where it has been for nearly three years.
June’s reading reflected marked growth in new orders and production and indicated generally solid improvement in business conditions. Despite growing at slower rates, employment and new export orders also noted upticks. Conversely, cost burdens facing firms increased markedly as output prices eased more sharply than input prices. Meanwhile, confidence towards future output growth was strong in June. Sam Teague, economist at IHS Markit, confirmed the bright report, adding that, “a solid expansion in production was fueled by a near two-year high rate of growth in new orders. In addition, a further softening of price pressures painted a healthy picture of the current operating environment.”
Author: Christopher Thomas, Economist