Record low PMI in Germany could affect Poland

The Purchasing Managers' Index (PMI) for the eurozone's manufacturing sector in July declined to 42.7 points from 43.4 points in the previous month, below the forecasted 43.5 points. A PMI value above 50 indicates growth, while below 50 suggests a slowdown.

Germany, the largest economy in the eurozone, saw a particularly low PMI of 38.8 in July, compared to 40.6 in the previous month. France's manufacturing PMI was recorded at 44.5, indicating a decline from 46 in the previous month. These significant declines, the lowest since 2009, raise concerns about the risk of a recession in Europe, impacting Poland, which heavily relies on exports to Germany, its main trading partner.

Source: money.pl