Poland PMI April 2018

Poland

Poland: Manufacturing PMI ticks up in April

May 2, 2018

In April, the manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, ticked up 0.2 points to 53.9. It therefore remained comfortably 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.

April’s uptick was the first of the year, climbing on a strong rise in output and continued employment gains. New orders grew at a solid pace. In turn, job creation was healthy despite slowing from a month earlier, helping to ease backlogs of work for the first time this year. Buying activity continued rising albeit more slowly, adding to supplier delivery times and existing pressure on supply chains. Moreover, buying and selling prices both rose, remaining well above their long-term averages. Meanwhile, firms moderated their expectations slightly but remained generally upbeat; new capacity and strong growth prospects kept them broadly optimistic.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.0% in 2018, which is unchanged from last month’s estimate. For 2019, the panel sees fixed investment expanding 5.2%.


Author:, Economist

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Poland PMI April 2018

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: IHS Markit.


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