The international financial services company reported on Wednesday that the Polish PMI dropped to 46.1, from 49.4 in May, indicating the strongest downturn since July last year.
The latest data signalled "the worst deterioration in business conditions for almost a year, as a steep drop in new orders pushed output back into contraction," S&P Global said.
"Purchasing and employment fell, while stocks of unsold goods built up," it added.
"More positively, inflationary pressures eased further," it also said.
Paul Smith, economics director at S&P Global Market Intelligence, was cited as saying that "Poland's manufacturing downturn worsened in June as a steeper drop in new orders led to a renewed fall in production."
He added that the country's PMI "posted its biggest one-month fall since mid-2022."
However, the June figures "provided some good news on inflation," he also said, "with both input prices and output prices increasing at the slowest rates in three months."
Poland’s PMI in April 2020 fell to its lowest level on record amid virus fears, sinking to 31.9 from 42.4 a month earlier at the height of the COVID-19 crisis.
The PMI is a composite indicator of manufacturing performance evaluated on the basis of new orders, output, employment, suppliers’ delivery times and stocks of purchases.
Any figure greater than 50 indicates overall improvement of the sector.
(gs)
Source: PAP, pmi.spglobal.com