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English Section

Polish PMI down to 47.4 pts in July

01.08.2019 10:31
Poland’s Purchasing Managers' Index (PMI) fell to 47.4 points in July, from 48.4 points in June, according to Markit, a provider of financial information services.
Image by Gerd Altmann from Pixabay
Image by Gerd Altmann from Pixabaypixabay.com

The reading meant that the country’s PMI remained stuck below the neutral 50-point mark for the ninth straight month and was at its lowest since April 2013, Poland’s PAP news agency cited an economist as saying on Thursday.

Poland’s PMI was 48.7 points in May, up from 49 points in April.

A neutral PMI rating of 50 means that businesspeople in the country feel that the economy will not change over the coming month.

A higher rating means that the economy is expected to improve, while a PMI reading below 50 indicates that many think it will deteriorate.

The Polish economy grew 4.7 percent in the first quarter of this year, the country’s Central Statistical Office (GUS) said in late May in a final estimate.

(gs)

Source: PAP, IAR