Poland PMI March 2020

Poland

Poland: Strongest hit to manufacturing sector since financial crisis in March

April 1, 2020

The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, fell from 48.2 in February to March’s 42.4, as the economy is severely hit by the coronavirus outbreak. The index thus recorded its lowest reading since April 2009 and fell further below the 50-threshold, where it has been since November 2018, signaling a sharper deterioration in the manufacturing sector.

March’s more marked drop reflected falling output, new orders and exports, all of which contracted at the sharpest pace since end 2008. Moreover, employment was reduced for the ninth consecutive month, and at the fastest pace since July 2009. On top of that, businesses’ 12-month outlook plummeted to the lowest level on record.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Economist

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Poland PMI Chart


Poland PMI March 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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