Poland's PMI drops to 52 in April
Poland's manufacturing sector purchasing managers' index PMI fell to 52 last month. Down from 54 recorded in March.
Growth of new orders was maintained for the eleventh month in a row in April. The rate of expansion slowed further from February’s near - ten year record, however, to the weakest since June 2013. This partly reflected only a marginal increase in new export business during the month – the weakest in the current expansionary sequence.
“Output and new orders indices fell to the lowest levels since June 2013. New export orders growth was very weak with the index at just 50.5. In the survey higher exports were linked to new customers and markets while slowing exports was linked to slower European demand and political tensions between Ukraine and Russia. Disinflationary pressure prevailed with input prices declining for the third consecutive month in April. Output prices declined for the seventeenth month running in April,” said Agata Urbańska-Giner from HSBC.
The headline HSBC Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50.0 indicates overall improvement of the sector.
