PMI indicator for Poland grows to 52.2 pts m/m in September

The Purchasing Managers’ Index (PMI) for the Polish industrial sector grew to 52.2 points in September, up from 51.5 in the previous month, according to a report published by Markit. This is the 24th straight month that the PMI indicator has remained above the neutral 50 threshold, indicating rapid improvement of economic conditions in the Polish industrial sector. Any figure above 50.0 indicates overall improvement of the sector. The latest figures signal the fastest growth since March, based on three sub-indexes: production volume, number of new orders, and delivery times. This is largely due to an increased inflow of export contracts. Markit points out that in September the industrial sector picked up steam after a slowdown at the start of Q3. “The recovery observed in the past two months of surveys also confirms official data concerning the volume of industrial production, according to which it rose by 9.4 points  y/y after a 2.8  fall in July,” said Trevor Balchin, senior IHS Markit economist and author of the report. The latest Markit forecast expects 3.4 point growth, both in production and GDP.

Pin It