Poland Factory Activity Sinks in April

Manufacturing

Poland's manufacturing Purchasing Managers' Index, or PMI, fell to 46.6 in April from 48.3 in the previous month, survey data from S&P Global showed on Tuesday.

Operating conditions were undermined by declines in output and new orders, which both dropped to their steepest pace of the year so far.

Also, export orders fell to its highest degree since November 2022. Consequently, employment reduced for the eleventh month in a row, while purchasing activity decreased at its fastest pace in three months.

On prices, average input charges fell to a seven-year low, pushed down by a worsening demand environment and heightened competition.

Subsequently, output costs dropped for the first time since August 2020. Finally, confidence in the future remained positive, as firms signaled some optimism about market stabilization and an increase in demand.

However, the degree of optimism was the weakest in three months due to concerns over elevated prices.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Industry