Poland manufacturing sector contraction slows in June

Analysis

Poland’s manufacturing sector contracted at a slower pace in June, survey data from IHS Markit showed on Wednesday. 

The manufacturing Purchasing Managers’ Index, (PMI) rose to 47.2 in June from 40.6 in May. Any reading below 50 indicates contraction in the sector.

The gain was the second biggest in the series history. New orders continued to fall in June and demand remained weak amid COVID-19 crisis. New works declined to the weakest since August 2019. New export business continued to fell in June and new contracts placed with international clients continued declining since August 2018.

Output fell for the twentieth month in a row in June, though at the slowest rate in four months. Employment rate reduced further with the rate of job shedding slowest in four months. Firms were more optimistic regarding the 12-month outlook for production in June. Firms reduced purchases and stocks of new inputs in June and suppliers’ delivery time lengthened slightly.

On the price front, input prices rose in June, while output prices fell for the third straight month. The rate of input cost inflation was the slowest in seven months.

ADVERTISEMENT

4iG H1 revenue rose 59% y.o.y. Figures

4iG H1 revenue rose 59% y.o.y.

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.