Poland Manufacturing PMI2011-2021 Data | 2022-2023 Forecast | Calendar | Historical

The IHS Markit Poland Manufacturing PMI rose to an all-time high of 59.4 in June 2021, from 57.2 in the previous month and well above market expectations of 57.0, signaling a strong rebound in the goods-producing sector as lockdown restrictions were eased and pent-up demand released as more parts of the economy reopened. Production rose for the fifth month running in June, and at the strongest rate since January 2017, and new orders rose for the seventh month in a row, and at the third-fastest rate on record. Moreover, the rate of job creation was the strongest since April 2017 and purchasing activity increased the most since May 2004, while backlogs of work grew for the ninth month running and at the fastest rate since the series began in 2003, a clear sign of rising pressure on manufacturing capacity. On the price front, input and output costs rose at record rates. Looking ahead, manufacturers were increasingly optimistic regarding the 12-month outlook for production.

The IHS Markit Poland Manufacturing PMI rose sharply to 57.2 in May of 2021 from 53.7 in April, well above market expectations of 54 and the highest level registered since the survey began in 1998. The current sequence of positive PMI readings was extended to 11 months. All five components of the PMI provided positive contributions to the headline figure in May, and all had positive directional influences since April. Growth rates for output and new orders accelerated notably since April, and there was a record lengthening in suppliers' delivery times due to ongoing shortages of raw materials. Meanwhile, employment and stocks of purchases increased at rates that were among the fastest in the survey history. Despite this expansion of capacity, backlogs rose at a near-record pace, contributing to a stronger 12-month outlook for production. May data also signalled record rates of inflation in both input and output prices.

The IHS Markit Poland Manufacturing PMI edged down to 53.7 in April of 2021 from March's 38-month high of 54.3, below market forecasts of 55 but still pointing to a solid overall improvement in manufacturing business conditions and the second-highest reading since June 2018. All five components of the PMI made positive contributions, the first time this has been the case since July 2018. Supplier performance reached a new low, driving inflation of both input and output prices to new survey-record rates. Supply shortages and staff absences led to a record rise in backlogs of work, as output rose only marginally and firms sold off existing stock. On the demand side, new orders rose only marginally despite a further strong increase in exports, suggesting weak domestic markets. Looking ahead 12 months, the outlook for production remained positive in April, but sentiment moderated to the weakest since last November.

The IHS Markit Poland Manufacturing PMI rose to 54.3 in March of 2021 from 53.4 in the previous month. The latest reading pointed to the strongest overall improvement in business conditions at Polish manufacturers since January 2018. Moreover, the PMI has risen for four consecutive months, the longest sequence of gains since 2013. Demand strengthened, driven by the fastest growth in exports in nearly seven-and-a-half years, while output and employment both rose at stronger rates. The sector was held back by supply constraints, however, as suppliers' delivery times lengthened the most in any month since the survey began in 1998. This was reflected in the fastest rise in backlogs of work since January 2007 and a survey-record rate of input price inflation. Similarly, manufacturers raised their output prices at the strongest pace since that series began in January 2003. Looking ahead, the strength of sentiment eased since February reflecting concerns around rising virus cases in Europe.