10:39 3 July 2022
Poland's PMI index down to 44.4 points in June
The PMI Purchasing Managers' Index of the Polish industrial sector fell to 44.4 points in June from 48.5 points recorded a month ago, S&P Global reported. The June reading was the lowest in 25 months. The market consensus was 48 points.
"The S&P Global PMI Polish Manufacturing Sector Index – a composite index reflecting the industry's health, calculated based on five sub-indexes: new orders, production, employment, delivery time, and inventory of purchased items – recorded a value of 44.4 points in June. The index fell from May's 48.5, signaling a deterioration in economic conditions in the sector for the second consecutive month. Moreover, the June reading was the lowest in 25 months. Just a year ago, the index reached a record high of 59.4 points," the release reads.
The low reading of the main PMI Index reflected a decline in both production and new orders. Moreover, both reductions were substantial to historical surveys (surveys have been conducted for 24 years).
