Poland PMI

Poland

Poland: Manufacturing PMI inches down in September

October 1, 2015

The manufacturing Purchasing Managers’ Index (PMI) inched down from 51.1 in August to 50.9 in September, according to a release provided by Markit. As a result of September’s deterioration, which marked the lowest value in a year, the index is now resting just above the 50-threshold that separates expansion from contraction in the manufacturing sector.

September’s reading mainly reflected marginal growth rates in output and new orders. In addition, new export business recorded its first fall since October 2014. Firms reduced their purchasing activity and backlogs deteriorated as well. However, employment kept growing at a healthy rate. Markit pointed out that, "the PMI signaled that business conditions at Polish manufacturers remained weak in September.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 7.0% in 2015, which is down 0.3 percentage points from last month’s estimate. For 2016, the panel sees fixed investment expanding 5.8%.


Author:, Economist

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Poland PMI September 2015

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: HSBC and Markit.


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