The PMI Index for Poland increased to 46.7 points in November against 45.6 points in October and against the forecast of 46.6 points, Markit informed.
“According to the latest research results, the economic conditions in the Polish industrial sector were still weak in November. The rate of decline in production and new orders, although slowed down from October, was still relatively fast. The large pessimism of Polish producers regarding future production contributed to the fifth consecutive decline in employment in the sector. In contrast, cost inflation was the weakest in over three years, and finished goods prices only increased slightly,” Markit analysts commented.
The authors of the study state that the index growth was mainly due to a slower decline in new orders, although the indicator for this variable recorded the sharpest decline in over a decade.