FOREX TradingCharts.com

Financial News: Poland Manufacturing Contraction Continues In November

Poland Manufacturing Contraction Continues In November

12/02/2019 - 06:46:00 (RTTNews)

(RTTNews) - Poland's manufacturing sector deteriorated further in November, albeit at a slower pace, amid weaker declines in output and new orders, survey data from IHS Markit showed on Monday.

The manufacturing purchasing managers' index, or PMI, rose to 46.7 in November from 45.6 in October. Any reading below 50 indicates contraction in the sector. The latest PMI reading was the second lowest since July 2009.

Output and new export orders declined at slower rates in November, though the rate of contraction was the quickest seen since mid-2009.

Backlogs of work decreased at a steeper rate, amid a lack of incoming new orders.

The number of workforce were trimmed due to easing capacity pressure. The rate of job cuts remained unchanged from the previous month.

Expectations towards output growth in a year's time was the lowest since the beginning of 2012, reflecting a decline in demand and generally weaker economic forecasts.

On the price front, input price inflation was the weakest since September 2016 and average output charges increased marginally in November.

Both the pre- and post production inventories decreased during the month.

"Firms are becoming increasingly worried about the outlook, with business confidence towards future output dropping to a new record low for the third month in a row in November," Phil Smith, principal economist at IHS Markit, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Lowers Budget Surplus Forecast (01 hr(s), 22 min(s), 08 sec(s) ago)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story»

Japan Tertiary Activity Falls In October (01 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story»

UK House Prices To Rise 2% In 2020: Rightmove (26 min(s), 52 sec(s) ago)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story»

European Economics Preview: Eurozone Flash PMI Data Due (52 sec(s) ago)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story»

China Industrial Production, Retail Sales Growth Tops Expectations (37 min(s), 52 sec(s) ago)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story»

China Industrial Production Jumps 6.2% On Year (08 min(s), 52 sec(s) ago)
(RTTNews) - Industrial production in China was up 6.2 percent on year in November, the National Bu ...Full Story»

Japan Manufacturing PMI Slips To 48.8 - Nikkei (38 min(s), 52 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in December, and at a slightly ...Full Story»

China Data On Tap For Monday (23 min(s), 52 sec(s) ago)
(RTTNews) - China will release a raft of data on Monday, setting the pace for a busy day in Asia-P ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Lowers Budget Surplus Forecast

12/16/2019 - 01:45 AM (RTTNews)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story>>

Japan Tertiary Activity Falls In October

12/16/2019 - 01:25 AM (RTTNews)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story>>

UK House Prices To Rise 2% In 2020: Rightmove

12/15/2019 - 23:34 PM (RTTNews)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story>>

European Economics Preview: Eurozone Flash PMI Data Due

12/15/2019 - 23:08 PM (RTTNews)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story>>

China Industrial Production, Retail Sales Growth Tops Expectations

12/15/2019 - 22:45 PM (RTTNews)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.