16:00 3 February 2020
PMI for Poland down to 47.4 points in January 2020
The Markit PMI Purchasing Managers Index of the Polish industrial sector fell to 47.4 points in January 2020 from 48 points recorded a month ago, as Markit – specialist supplier of economic research – has informed.
January results showed a decrease in production, new orders, purchasing activity of Polish producers and new jobs in the sector. The employment level has fallen at the fastest pace since October 2009, and the rate of decline in export contracts accelerated after the slowdown recorded at the end of last year.
"In January, the Polish PMI recorded a value below the neutral threshold of the fifteenth month in a row. Such a long period of negative readings was recently recorded in the years 2012-2013. The main indicator has been rising for the last three months, reaching the level of 48 in December. The January reading, which was 47.4 suggested that the pace of decline in the sector accelerated," the communiqué reads.
(ISBnews)
