PMI for Poland drops to 6-year low in July

The PMI index for Poland in July fell to 47.4 points from 48.4 points in June and against the forecast of 48.0 points, Markit, a company that develops the index, informed.
“The latest PMI research results in July signaled a further slowdown in the Polish industrial sector. The surveyed companies reported a rapid weakening in the inflow of new orders as well as a drop in production and employment, prices of finished products increased slightly, and production cost inflation weakened,” Markit commented.
The authors of the study indicate that the July reading is the weakest result since April 2013.
(PAP)