Poland's manufacturing PMI slightly improved in September
17:20
Poland's Purchasing Managers' Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on Monday. Economists polled by PAP expected the PMI at 40.1 points in September.
New orders fell for the seventh consecutive month, according to the survey. “The pace of decline slowed down from August's 27-month record but was still fast. The surveyed companies reported unfavorable market conditions, associated with uncertainty and budgetary pressures caused by high inflation,” S&P wrote.
A PMI above 50 represents an expansion in manufacturing when compared to the previous month, a reading under 50 indicates a contraction.
(PAP)
