The IHS Markit Poland Manufacturing PMI rose to 48.0 in December 2019 from 46.7 in the previous month, and above market expectations of 46.8. Still, the latest figure signalled a 14th successive month of deteriorating manufacturing business conditions, albeit the slowest downturn since August. New orders and output declined at softer rates, with new export business falling for the 17th consecutive month, the longest downturn for over a decade. In addition, employment dropped for the sixth month running, while input volumes were down for the 13th successive period. On the price front, input cost inflation was at a three-month high, while prices charged for manufactured goods fell for the second time in three months. Lastly, output expectations rebounded from November's all-time low, but was still the fourth-lowest on record, as firms reported subdued forecasts for 2020 in light of an economic slowdown and Brexit concerns. Manufacturing PMI in Poland averaged 51.35 points from 2011 until 2019, reaching an all time high of 55.90 points in February of 2014 and a record low of 45.60 points in October of 2019. source: Markit Economics
Manufacturing PMI in Poland is expected to be 48.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Poland to stand at 52.90 in 12 months time. In the long-term, the Poland Manufacturing PMI is projected to trend around 54.00 points in 2020, according to our econometric models.