PMI slightly grew in April, employment dropped

Poland's manufacturing sector purchasing managers' index PMI grew to 49 points in April from 48.7 points in March, research firm Markit reported. "In April the Polish industrial sector was shrinking at a slower rate than a month earlier. The production and the total number of new orders fell for the sixth time in a row, but at the slowest pace in five months," Markit said. However, the employment fell the fastest in more than six years, and the forecasts for the 12-month production were among the worst since 2013, it added. 

The economic conditions in the industry may continue to deteriorate in Q2, according to Markit.

(PAP)