Poland PMI February 2019


Poland: Manufacturing sector contracts sharply in February

March 1, 2019

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, dropped to 47.6 points in February (January: 48.2 points). The index has fallen precipitously since mid-2018, and in November 2018 first landed below the 50-point threshold that separates contraction from expansion in the manufacturing sector.

February’s reading reflected another sharp fall in new orders, exacerbated by the challenging European backdrop—and, in particular, weaker economic activity in Germany. In turn, output fell—although inventories continued to pile up. Employment levels also fell. Meanwhile, firms were less upbeat on short-term output.

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%.


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Poland PMI Chart

Poland PMI February 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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