Poland PMI October 2016


Poland: Manufacturing PMI falls to over one-year low in October

November 2, 2016

The Manufacturing Purchasing Managers’ Index (PMI) slid from September’s 52.2 to an over one-year low of 50.2 in October, according to IHS Markit. The index now lies only slightly above the 50-threshold that separates expansion from contraction in the manufacturing sector.

October’s deterioration reflected a drop in new business, which caused output growth to slow. Slow production spilled over to employment, which grew at the weakest pace since August 2014. Meanwhile, inflationary pressures remained subdued in October.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.6% in 2016, which is down 0.3 percentage points from last month’s estimate. For 2017, the panel sees fixed investment expanding 4.2%, which is up 0.3 percentage points from last month’s projection.

Author: Angela Bouzanis, Senior Economist

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Poland PMI Chart

Poland PMI October 2016

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

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