Poland PMI September 2021

Poland

Poland: Manufacturing PMI falls to seven-month low in September, remains in expansionary terrain

October 1, 2021

The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at a seven-month low of 53.4 in September, down from 56.0 in August. That said, the index remained comfortably above the 50-threshold, signaling a continued improvement in business conditions from the previous month.

September’s reading largely reflected easing albeit still solid growth in both production and new business, amid reports of difficulties sourcing inputs from vendors. Moreover, while foreign demand remained strong, export orders dipped slightly for the first time in nearly a year.

On the price front, input prices softened over the prior month but remained elevated nonetheless, with output prices also rising as a consequence. Lastly, firms’ confidence regarding the 12-month outlook fell to a five-month low; however, sentiment still remained optimistic overall, amid expectations of strong growth ahead.

FocusEconomics panelists expect fixed investment to expand 8.7% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel expects fixed investment growth at 7.0%.


Author:, Economist

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Poland PMI September 2021

Note: Markit Poland Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month, and below 50 an overall decrease.
Source: IHS Markit.


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