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Poland PMI February 2024

Poland: Poland manufacturing PMI shows slow downturn amid optimism

The S&P Global Poland Manufacturing Purchasing Managers” Index (PMI) rose to 47.9 in February from 47.1 in January, indicating a twenty-second successive monthly deterioration in business conditions, but with a slower rate of decline compared to the previous month. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

The rate of decline in both output and new orders slowed compared to January. Employment, purchasing, and backlogged work have also seen further declines.

On the pricing front, February data indicated a rise in input prices, marking only the second instance of cost inflation in the past 11 months. Despite this, manufacturers have continued to reduce output prices for the eleventh consecutive month. Lastly, business sentiment among Polish manufacturers has shown a significant improvement, reaching its highest level since June 2021.

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