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Economy And The Numbers

Polish Factory Activity Contracts In August

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Poland's manufacturing activity continued to worsen in August amid sharp falls in new orders and output, survey data from S&P Global showed on Monday.

The manufacturing purchasing managers' index, or PMI, rose to 46.6 in August from 45.9 in July. However, a PMI reading below 50 suggests contraction in the sector.

Among components, new orders, exports, output, and backlogs all fell at slower but still sharp rates in August, while the rate of job shedding accelerated to the fastest since May.

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