Poland Factory Activity Contraction Slightly Eases in Sep
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Poland's manufacturing Purchasing Managers' Index (PMI) edged up to 43.9 in September, slightly easing from a 10-month low of 43.1 in August, but remaining contractionary for the 17th month, survey data from S&P Global showed on Monday.
For the fifth successive period, all five components provided negative contributions but at slower rates. New orders fell to its softest point since June, while production shrank to a four-month low. Nevertheless, the rates of contraction were still strong overall.
Also, firms continued to reduce their levels of outstanding work, leading backlogs to decrease for the 16th month, but at the slowest pace since April. Similarly, purchasing activity dropped for the 14th month, with the rate of decline remaining sharp.
Regarding prices, both input and output costs went down for the 6th month but fell less than in the prior period. Although the near-term outlook remained subdued, the year-ahead business expectation rose to its strongest level since March 2022.
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