Poland’s manufacturing activity expanded at the weakest pace in twelve months in September, as both output and new orders rose at marginal rates, survey figures from Markit Economics showed Thursday.
The Purchasing Managers’ Index, or PMI, fell to 50.9 in September from 51.1 in the previous month. However, any reading above 50 suggests expansion in the sector. Moreover, the index remained above its long-run average of 50.3.
New orders continued to increase for the eleventh successive month in September, but the latest rate of rise was the second-weakest in this sequence. Meanwhile, new export orders dropped for the first time since October 2014.
Output also gained slightly in September, reflecting the trend in new orders. The volume of backlogs dropped at the fastest rate since July 2014 due to weak market conditions.
On the price front, input prices decreased sharply in September, dragged down by lower raw material costs. This forced firms to cut their selling prices at the strongest rate in eight months.
The material has been provided by InstaForex Company – www.instaforex.com