Poland's manufacturing index PMI down to 44.8 pts in June - S&P Global
Poland's manufacturing sector purchasing managers' index (PMI) fell to 44.8 points in June from 47.1 points in May, S&P Global's report showed. The decline shows the most significant deterioration in economic conditions in the industrial sector since October 2023.
"The pace of decline in new orders and output accelerated, and manufacturers continued to reduce employment, purchases and inventories. The economic downturn is also reflected in the 12-month forecast for production, which was among the weakest since the pandemic," S&P wrote in the commentary on the survey.
The data was collected between June 12 and 24 .
The decline shows the most significant deterioration in economic conditions in the industrial sector since October 2023.
In June, three of the five components of the main PMI - new orders, output and stocks of purchased items - had a negative impact on the main index. Delivery times again had a slightly positive impact on the index reading, and the pace of job cuts slowed.
"The decline in new orders that began in April gained momentum in June. It was the strongest since October 2023, which respondents to the survey attributed to stagnation in the market. International demand was clearly weak, mainly due to unfavourable conditions in European markets (new export orders fell at the fastest rate since September 2023)," the commentary said.
The continuing decline in new orders continued to affect production, which fell in June for the second month in a row, and at the fastest rate since November 2022.
The survey showed that the output forecasts over the next 12 months have weakened significantly, marking a clear reversal from the strong optimism at the end of the first quarter, before the period of uncertainty surrounding customs policy.
The future production index, which in March recorded its highest value in 45 months, fell again, reaching its lowest level since November 2024.
About a quarter of companies (24 percent) expect production to increase thanks to EU funds from the national recovery plan KPO, improved market conditions in Germany and new products. However, almost one in five companies (19 percent) expect a decline over the next 12 months due to weak order inflows and uncertainty.
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