PMI drops below 50 for the first time in over 4 yrs

The Purchasing Managers Index for Poland in November has dropped to 49.5 points, from 51.4 points October, falling below the benchmark 50 points threshold for the first time since September 2014.

“Output, new orders, and employment all contributed negatively to the headline figure in the latest period. Export demand remained a weak spot, declining for the fourth month running, albeit less so than in October. Unsurprisingly, goods producers are the least optimistic regarding future output since the start of 2013,” Trevor Balchin, Director at IHS 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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