Poland PMI March 2019


Poland: Manufacturing sector contracts at a softer pace in March

April 1, 2019

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, increased to 48.7 points in March (February: 47.6 points). The index thus moved closer to the 50-point threshold that separates contraction from expansion in the manufacturing sector, where it has been since November 2018.

March’s reading reflected softer falls in output and new orders, which nevertheless continued to be weighed down by protracted weakness in EU economies—in particular, subdued activity in Germany. So much so, that new export business contracted at the sharpest pace in close to ten years. In turn, inventories continued to pile up, employment levels went further down, and backlogs of work fell again. On a brighter note, firms’ production outlook was more upbeat, as they hoped to gain new markets. Lastly, while input inflation remained stable, output prices rose at a faster pace than in February.

Poland Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 6.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees fixed investment expanding 4.4%.

Author: Massimo Bassetti, Senior Economist

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Poland PMI Chart

Poland PMI March 2019

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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