Economy
10:39 3 July 2022
Post by: WBJ

Poland's PMI index down to 44.4 points in June

Poland's PMI index down to 44.4 points in June
Source: Photo by Nik Shuliahin on Unsplash

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).

(inwestycje.pl


poland
pmi
s&p global

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