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Economy And The Numbers

Poland Manufacturing Downturn Eases In March

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

Poland's factory activity logged a softer contraction in March amid a renewed growth in output, survey data from S&P Global showed on Wednesday.

The manufacturing purchasing managers' index, or PMI, rose to 48.7 in March from 47.1 in February. However, any PMI reading below 50 suggests contraction in the sector.

Among components, slower declines were seen in new orders and input stocks and longer suppliers' delivery times. On the other hand, output volumes increased for the first time in eleven months, though the rate of growth was weak due to lower incoming work, linked to unfavorable market conditions and uncertainty regarding the war in the Middle East.

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