PMI drops again in February

The Purchasing Managers Index for Poland in February has decreased to 53.7 points, from 54.6 points in January. The market consensus was 54.2 points.

“The downward movement in the PMI in February reflected the slower growth of new orders, output and employment, and a decline in input stocks. New business increased for the sixteenth successive month in February, but at the weakest rate since August 2017. Firms continued to report improving demand from domestic and EU markets. The softer rise in new work translated into the slowest gain in manufacturing output in four months in February. That said, growth remained strong overall, and new business contributed to higher backlogs for the fifth time in seven months,” Markit said.

The headline Markit Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50 indicates an overall improvement of the sector.

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