Poland’s industrial PMI inches up in September to 43.9 points

In September, the Polish industrial sector's PMI stood at 43.9, slightly higher than August's 43.1, as reported by S&P Global. Despite ongoing slowdown, the decline in production, new orders, backlogs, and purchases slowed down. Nevertheless, employment saw its sharpest decrease in a year, and prices of production inputs and products continued to fall, albeit at a slower pace.

Despite the fifth consecutive month of all five components negatively impacting the PMI, the outlook for the next 12 months was optimistic. While demand for industrial goods continued to decline, the rate of decline was the slowest since June. Short-term prospects were weak, but manufacturers were optimistic about future production.

Source: strefainwestorow.pl