PMI drops in January

The Purchasing Managers Index for Poland in January has decreased to 54.6 points, from 55 points in December. The market consensus was 55.4 points.

“The downward movement in the PMI in January mainly reflected a slightly weaker increase in manufacturing output compared with one month earlier. That said, production rose at a strong overall pace. The survey data indicated capacity constraints, as backlogs of work increased for the fourth time in six months. Pressure on capacity mainly stemmed from inflows of new work. The volume of new orders received by Polish manufacturers increased at the fastest rate since January 2015, extending the current period of continuous growth to 15 months. New export orders also expanded more sharply in January.” 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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