Poland skyline at golden hour

Poland PMI February 2020

Poland: Manufacturing sector entrenched in contractionary terrain in February

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, ticked up to a six-month high of 48.2 in February from January’s 47.4. The index nonetheless remained entrenched below the 50-threshold, where it has been since November 2018, signaling another deterioration in the manufacturing sector.

February’s less marked contraction mainly reflected longer supplier delivery times. Meanwhile, both orders and output fell at rates similar to the ones registered in January, while the decline in workforce was the second-fastest in close to seven years. Moreover, businesses’ expectations softened on faltering new orders and concerns about the effect of coronavirus on supply chains; however, the 12-month outlook remained positive. On the price front, input price inflation came in at the fastest in over a year, which led output prices to increase at a faster pace than in the previous month.

Commenting on the release, Trevor Balchin, economics director at IHS Markit, stated:

“Although the PMI rose to a six-month high, this mainly reflected the impact of longer suppliers’ delivery times, the index for which is inverted for the calculation of the headline figure and carries a 15% weight. The new orders and output components, with a combined 55% weight, were only fractionally higher than in January and still below 50.”

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