Poland: Manufacturing PMI rises on jump in new orders in September
October 2, 2017
According to IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) climbed to 53.7 in September from 52.5 a month earlier, landing further above the 50-point threshold that distinguishes expansion from contraction in the manufacturing sector—where it has been for nearly three years. September’s print was the strongest showing for the manufacturing PMI since April.
September’ higher print was underpinned by expansions in new orders and output. Notably, however, employment in the sector was unchanged from a month earlier, which both ended a 49-month sequence of job creation and contributed to the increase in backlog orders. Moreover, input cost inflation climbed to a four-month high and consequently drove output prices higher. Business sentiment was once again buoyant in September, with firms unwavering in their expectation of strong future output levels.
Sam Teague, Economist at IHS Markit, confirmed the bubbly report, adding that, “Poland’s manufacturing sector ended the third quarter on a solid footing, having seen a slight loss of momentum during the summer. Notably, new orders rose at the fastest rate since early-2015. The PMI is trending at 53.4 in 2017 so far, up from 51.9 over 2016 and on course for the best annual performance since 2010.”
Author: Christopher Thomas, Economist