Polish manufacturing slump deepens as output plunges -PMI

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Reuters UK

WARSAW (Reuters) – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 42.1 in July from 44.4 in June, below the 50.0 line that separates growth from contraction. Analysts polled by Reuters had expected a reading of 43.6. “We should be under no illusions of the scale and speed that the downturn is occurring: the index numbers we’re seeing for both output and new orders have only been beaten to …

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