Poland PMI August 2020


Poland: PMI drops on softer manufacturing output in August

September 1, 2020

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 50.6 in August from 52.8 in July, which had marked an over two-year high. However, despite the downturn, the index still remained above the 50-threshold, indicating improving conditions in the Polish manufacturing sector.

August’s print largely reflected a softer expansion in output among manufacturers compared to the previous month. Moreover, new orders were unchanged from July, as demand for Polish manufactured goods stagnated amid a muted domestic market and new virus cases in Europe. Meanwhile, firms continued to lower staff levels in August, albeit the rate of job shedding slowed. On the price front, input cost inflation rose to a six-month high in August, while output prices were lowered for the fifth month straight. Lastly, business sentiment weakened somewhat from July, reflecting worries over a second wave of coronavirus.

FocusEconomics panelists expect industrial output to fall 5.8% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects growth in industrial output of 6.4%.

Author:, Economist

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Poland PMI Chart

Poland PMI August 20 20

Note: Markit Poland Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month, and below 50 an overall decrease.
Source: IHS Markit.

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