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    Sharp Decline in Poland’s Manufacturing PMI Exceeds Forecasts

    In May, Poland’s Manufacturing PMI fell to 45.0 points, down from 45.9 points in April, according to S&P Global. The Polish Economic Institute highlighted that the decline was significantly worse than predicted.

    “According to the latest PMI® data from S&P Global, the Polish manufacturing sector remains in a prolonged downturn. The sector has contracted for the twenty-fifth consecutive month, marking the longest sequence since the survey began in 1998. May saw accelerated declines in new orders, exports, production, and employment, with purchasing activity decreasing for a record twenty-four months,” the report stated.

    Despite the bleak data, the study’s authors noted some positive signs, including reduced inflationary pressure and a slight improvement in the 12-month outlook.

    The PMI level indicates the fastest deterioration in business conditions in seven months. It also fell below the trend level of 45.5 points, a sequence ongoing since May 2022 with readings consistently below the 50.0-point mark.

    The latest drop in the main index was driven by four out of five components, with the only exception being a slower decline in inventories of purchased goods.

    The Polish Economic Institute confirmed that the May decline was significantly below expectations.

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