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.”
Author: Eric Denis , Economist