The Purchasing Managers Index for Poland in May has contracted to 52.7 points, from the 54.1 points in April. The market consensus was 54.4 points.
“Output, new orders and employment all increased, but at slower rates than in April. Price pressures eased further, as indicated by a softening of both input and output price inflation. Average cost burdens for Polish manufacturers continued to rise sharply overall, however,” 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 50.0 indicates overall improvement of the sector.