Poland: Manufacturing PMI gains ground in September
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit. This pushed the index further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
September’s improvement mainly reflected pick-ups in output and new orders, which grew at the fastest pace since March. Firms also reduced backlogs of work, stocks of finished goods and inputs. The surge in output did not prevent a slowdown in employment growth, which fell to an over two-year low. Despite a rebound in commodities prices, inflationary pressures remained weak in September.