Poland manufacturing activity stable in October

Figures

Image by Pixabay

Polandʼs manufacturing sector growth remained unchanged in October, survey data from IHS Markit showed on Monday. The manufacturing Purchasing Managersʼ Index (PMI) remained unchanged at 50.8 in October.

Image by Pixabay

New orders declined in October and output growth eased. Production rose for the fourth month in a row in October, with the rate of growth easing for the third straight month. New export business rose for the fourth month in a row and at the fastest since January 2018. Backlogs of works rose for the first time since July 2018.

The number of employees expanded in October and the rate of job creation was the strongest since June 2018. Purchasing activity expanded further in October and the volume of inputs orders rose at the fastest rate since June 2019. Suppliersʼ delivery time lengthened for the ninth month in a row.

Input cost inflation was the highest in twenty-three months in October and manufacturers rose their own prices charged at a faster rate. Firms expect the output to increase over the next 12-months and the overall strength of sentiment was the weakest since May. 

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

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.