The FINANCIAL — Activity in Poland’s manufacturing sector expanded in September at the weakest rate in about a year, Markit Economics said on October 1, according to Nasdaq.
A survey of 300 industrial companies showed the manufacturing purchasing managers’ index fell to 50.9 in September from 51.1 in August. The reading was below the average of 51.9 expected by economists.
A PMI figure below 50 indicates contraction, while above that level signals expansion.
“The Polish manufacturing economy remained stuck in a low gear in September,” Markit wrote.
“Growth rates for output and new orders failed to pick up from August, remaining marginal in both cases,” said Trevor Balchin, senior economist at Markit.
New export business fell for the first time in nearly a year while employment rose, and companies benefitted from a sharp fall in input prices during September, Markit also said.