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Poland PMI October 2022

Poland: Manufacturing PMI falls in October

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 42.0 in October, down from 43.0 in September. Consequently, the index moved further below the 50 threshold, signaling another significant deterioration in business conditions compared to the prior month.

Sharper contractions in output and new orders were behind the deterioration in the headline reading. Moreover, employment decreased for the fifth consecutive month and at the fastest pace in almost two-and-a-half years. On the price front, the increase in input costs moderated from the previous month, while output prices rose at a faster pace. Lastly, firms’ sentiment remained subdued, weighed down by the war in Ukraine and high inflation.

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