The industry reflects
PMI index for Polish industry in April he took 50.2 points. IN March It was 50.7 points, so we have a slight decrease (anyway expected), but the indicator still persisted above the key level of 50 pointsseparating development from recession in the sector. Production not only is growing the third month with rowthis is even the fastest since February 2022. The increase in traffic in the sector can also be seen in increasing production arrears – we observe something like that for the first time in nearly three years.
It is not quite pink
PMI remained at recession levels for 33 months in a row and only in February did it stand above 50 points. A three -month reflection does not look like a strong and stable improvement so far. New Orders have fallen slightly, but “The “prospects for the next 12 months have weakened rapidly. “Business optimism in April weakened because variability in markets financial and The uncertainty related to world trade They seemed to inhibit the revival, “comments Trevor Balchin, economic director at S&P Global Market Intelligence.
What do experts say?
“Production and employment grew. Unfortunately, this positive trend may soon reverse. Companies in April reported a decrease in orders, mainly export and radical (it was stronger only in pandemic) deterioration of ratings as to prospects for the next 12 months” – commented PKO BP economists on X.
What is PMI?
This is an indicator, in this case for industry (for Poland it is not calculated PMI for the service sector), prepared by S&P Global. Every reading Below the neutral level of 50 points means decrease in activity in the sector, and above its growth. It consists of five subindeks: new orders, production, employment, delivery time and supply of purchased items. It has been calculated since 1998, based on surveys conducted among logistics managers – in our country from about 200 production companies.
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Source: S&P Global, Economists of PKO BP on X