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Poland PMI October 2021

Poland: Manufacturing PMI rises in October, moves further into expansionary territory

The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) inched up slightly to 53.8 in October, rising from 53.4 in September. As such, the index moved further above the 50-threshold, signaling a continued improvement in business conditions from the previous month.

September’s reading largely reflected solid growth in both output and new orders, although continued reports of difficulties sourcing inputs from vendors will likely have weighed on activity. Meanwhile, foreign demand remained strong, employment rose slightly and firms were able to bolster their stocks of finished goods.

On the price front, input prices rose at the strongest pace in three months, with output prices also rising as a consequence. Lastly, firms’ outlook regarding the coming 12 months remained optimistic overall, amid expectations of strong growth ahead.

Commenting on the latest survey results, Paul Smith, Economics Director at IHS Markit, said:

“Growth of Poland’s manufacturing sector was sustained during October at a solid pace that remained well above average. However, looking at the sub-indices that constitute the survey, a number of worries on the direction of travel persisted. Most notably, production and new orders expanded at relatively marginal rates, reflective of the ongoing supply-side constraints and rising prices that have characterised the global goods producing industry over recent months.”

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