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Poland's Manufacturing Growth Weakest In 2 Years

Poland's manufacturing activity expanded at the slowest pace in two years in October, survey data from IHS Markit showed Friday.

The Purchasing Managers' Index fell slightly to 50.4 in October from 50.5 in September. Any reading above 50 suggests expansion in the sector.

Operating conditions remained close to stagnation in October. New orders and output barely expanded and jobs were cut for the first time over five years.

New export orders declined for the third month and at the fastest rate in six years.

On price front, the survey showed that input price inflation remained strong in the context of the 20-year survey history. Consequently, manufacturing output prices increased at a solid rate, albeit the weakest in five months.

Manufacturing sentiment weakened markedly in October, to the lowest since the start of 2013.

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