Poland Manufacturing PMI

Last Release

Jul 31, 2024

Actual

47.3

Units In

Points

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.4 Jun 2021	31.9 Apr 2020	50.41 Points	2011-2024	Markit Economics

The Markit Poland Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 200 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The S&P Global Poland Manufacturing PMI rose to 49.2 in October 2024, up from 48.6 in September and exceeding forecasts of 48.4. This reading marked the fourth consecutive month of improvement and the highest level since April 2022, indicating a near-stabilization in the sector. This shift was driven by renewed growth in output, ending a record 29-month decline. Employment also grew for the first time in over two and a half years, following the longest stretch of job shedding since 2004. However, new orders continued to fall, extending a 32-month contraction trend, with the pace of decline accelerating for the first time in five months. On the price front, October saw the sharpest drop in input costs since October 2023, while output charges declined at the fastest pace in seven months. Looking forward, manufacturers remain cautious, with 12-month outlook optimism below the long-term trend, largely due to concerns over weaknesses in the German economy and the automotive sector.