Polish factory downturn strong in Sept, but declines soften -PMI
WARSAW - Poland's manufacturing sector remained in a severe downturn in September although there were signs of softer declines in several key measures, a survey showed on Monday.
"The latest survey data raised hopes that Poland's steep manufacturing downturn since mid-2022 had passed the worst phase," said Trevor Balchin, Economics Director at S&P Global Market Intelligence. Output, new orders, backlogs and purchasing fell at slower rates than in August, and the 12-month outlook was among the best registered since February 2022, when Russia invaded Ukraine, the survey showed.
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