Poland PMI December 2018


Poland: Manufacturing sector contracts sharply in December

January 2, 2019

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, experienced further downturn in December, dipping to 47.6 points (November: 49.5 points). The index has fallen precipitously since mid-2018, and in November first landed below the 50-point threshold that separates contraction from expansion in the manufacturing sector.

December’s reading pointed to falling output and new orders as export markets continued pulling back. Unemployment was broadly stable from a month earlier, while firms were able to clear backlogs of work. Purchasing activity dipped despite weaker input-price inflation. Looking ahead, however, firms were more optimistic on short-term output.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 5.3% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees fixed investment expanding 4.5%.


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Poland PMI Chart

Poland PMI December 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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