15:15 1 October 2024
Polish industry records highest PMI in 10 months
In September, Poland's PMI for the industrial sector rose to 48.6 points from 47.8 in August, marking the highest reading in ten months, according to S&P Global. Despite the ongoing contraction of the sector for the twenty-ninth consecutive month, the decline's pace has slowed. The report indicated that new orders, production, and purchasing activity decreased more slowly than in August, with stable employment levels.
Inflationary pressures remained weak, with finished goods prices dropping again. Notably, the three key sub-indices—new orders, production, and employment—positively impacted the PMI. Economists from the Polish Economic Institute expect this activity rebound to improve industrial performance over the next six months.
(wnp.pl)
