Poland manufacturing growth weakens unexpectedly in January
Image by Pixabay
Poland's manufacturing sector growth unexpectedly weakened in January, survey data from IHS Markit showed on Tuesday.
The manufacturing Purchasing Managers' Index fell to 54.5 in January from 56.1 in December. A PMI reading above 50 suggests growth in the manufacturing sector.
Both output and new order growth eased in January. Export orders rose modestly and average lead time for delivery declined. Input purchases rose for the 10th straight month in January and purchasing activity grew for the fourteenth month in a row. Staffing level increased in January, with the rate of growth highest in six months.
Outstanding works rose for the sixteenth month in a row. Confidence regarding the 12-month outlook remained positive, but dropped to its lowest for fourteen months.
Average operating costs rose at an elevated rate that was the strongest since mid-2021. Output charges increased at the sharpest rate for three months.
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.