Poland: Manufacturing PMI hits 11-month low in July
August 1, 2018
In July, the manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, dropped 1.3 points to 52.9 points. That said, it remained above the 50-point threshold that separates expansion from contraction in the manufacturing sector, where it has now been for over three years—the longest expansion recorded since the survey began nearly two decades ago.
July’s reading was the weakest in nearly a year as growth in output and new orders slowed from a month earlier. Meanwhile, strong employment growth was recorded. Supply-chain pressures persisted in the month, with delivery times growing longer as purchasing activity continued to increase. Input and output prices continued to climb at snappy rates. Finally, firms remained generally upbeat; new markets and strong growth prospects kept them broadly optimistic.
Author: Christopher Thomas, Economist