Copyright tradingview
Poland's manufacturing sector experienced its slowest decline in six months in October, as output and new orders fell at a more modest pace, while input buying expanded for the first time since April, S&P Global reported on Monday. The S&P Global Poland Manufacturing Purchasing Managers' Index (PMI) rose to 48.8 in October from 48.0 in September, marking the highest reading since April, although still below the 50.0 threshold that separates growth from contraction. Analysts polled by Reuters had expected a reading of 48.6. "Challenging business conditions persisted across the manufacturing sector during October amid reports of subdued demand in domestic and export markets," said Tim Moore, Economics Director at S&P Global Market Intelligence. "However, the headline PMI reached a six-month high as the rates of decline in output and incoming new work continued to ease." Production volumes were close to stabilisation, with the slowest rate of decline since May, while new orders also fell at a reduced pace. Export sales decreased, but at the slowest rate in six months, as demand from Western Europe remained weak. Input buying saw a modest rebound, ending a five-month decline, driven by expectations of increased production requirements and efforts to replenish inventories. However, employment continued to fall, with the rate of job shedding accelerating since September. Manufacturers benefited from lower input costs, while competitive pressures led to the steepest drop in factory gate prices since November 2024. Looking ahead, business optimism improved to a seven-month high, with 39% of firms expecting increased production over the next year, driven by planned capital investments and new product launches.
