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.