Poland skyline at golden hour

Poland PMI April 2019

Poland: Manufacturing sector contracts at a softer pace in April

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, increased to 49.0 points in April (March: 48.7 points). The index thus moved closer to the 50-point threshold that separates contraction from expansion in the manufacturing sector; it has been below the critical mark since November 2018.

April’s reading reflected softer falls in output and new orders, which nevertheless continued to be weighed down by protracted weakness in external demand—with exports contracting at one of the fastest rates in the last 10 years. That said, domestic demand showed resilience, and the decline in production was the softest since last November. However, inventories continued to pile up, and backlogs of work fell again, despite the sharpest fall in employment in over six years. Moreover, firms’ production outlook weakened. Lastly, while input inflation was strong, output prices rose at the slowest pace in over two years, due to intensifying competitive pressures.

Commenting on the release, Trevor Balchin, Director at IHS Markit, added:

“The downturn in the Polish manufacturing sector showed further signs of easing in April as the PMI improved to a five-month high. That said, underlying survey data suggest that conditions may continue to deteriorate moving through the second quarter.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest