Poland's manufacturing PMI up m/m in February
Poland's Purchasing Managers' Index (PMI) grew to 48.2 points in February 2020 from 47.4 points in January, the economic research company IHS Markit reported on Monday. Market expectations stood at 48.0 points.
The authors of the report wrote that "the PMI registered below 50.0 for the sixteenth successive month in February, marking the longest period of time spent in contraction territory since the global financial crisis of 2008-2009."
They admitted that the PMI rose from January's 47.4 to a six-month high of 48.2, but added "that this was mainly driven by the suppliers' delivery times component, which added 0.5 points to the headline figure."
According to the report, the new orders and output components were only fractionally higher than in January and still below 50 while "input price inflation accelerated sharply to a 13-month high in February and was above the long-run survey average."
The headline IHS Markit Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50.0 indicates an overall improvement of the sector.