FOREX TradingCharts.com

Financial News: Poland Manufacturing Downturn Intensifies In October

Poland Manufacturing Downturn Intensifies In October

11/02/2022 - 05:22:00 (RTTNews)

(RTTNews) - Poland's manufacturing activity contracted for the sixth successive month in October as output and new orders fell rapidly on the backdrop of a challenging economic environment and high inflation, survey data from S&P Global showed on Wednesday.

The manufacturing purchasing managers' index, or PMI, dropped to 42.0 in October from 43.0 in September. A PMI reading below 50 suggests contraction in the sector.

Both output and new orders fell for the sixth successive month in October, and at severe rates. The overall uncertainty of the economy, the high level of inflation, and the war in Ukraine all contributed to the decline in sales.

On the price front, input price inflation remained elevated in October, led by higher energy prices. Output charges rose at the sharpest rate in three months.

Looking ahead, firms showed a pessimistic approach towards the near-term economic outlook amid projections of falls in demand and recession.

Overall, confidence with regards to future production declined to its lowest level in two-and-a-half years.

Amidst growing pessimism about the outlook, firms cut both staffing levels and purchases in October.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected (02 hr(s), 44 min(s), 27 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Slovakia Q3 Jobless Rate Falls Slightly (03 hr(s), 17 min(s), 27 sec(s) ago)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story»

U.S. Employment Jumps More Than Expected In November (03 hr(s), 48 min(s), 27 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Eurocoin Indicator Falls In November (03 hr(s), 50 min(s), 27 sec(s) ago)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story»

Brazil Industrial Production Rises Unexpectedly (04 hr(s), 18 min(s), 27 sec(s) ago)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story»

Eurozone Producer Price Inflation Slows In October (04 hr(s), 45 min(s), 27 sec(s) ago)
(RTTNews) - Eurozone producer price inflation slowed for the second consecutive month in October r ...Full Story»

German Exports Fall Further Raising Risk Of Recession (05 hr(s), 02 min(s), 27 sec(s) ago)
(RTTNews) - Germany's exports declined for the second month in a row, as the global demand con ...Full Story»

Ireland Q3 Economic Growth Improves Slightly (05 hr(s), 03 min(s), 27 sec(s) ago)
(RTTNews) - The Irish economic growth improved marginally in the three months ended September, aft ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected

12/02/2022 - 09:42 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Slovakia Q3 Jobless Rate Falls Slightly

12/02/2022 - 09:09 AM (RTTNews)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story>>

U.S. Employment Jumps More Than Expected In November

12/02/2022 - 08:38 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Eurocoin Indicator Falls In November

12/02/2022 - 08:36 AM (RTTNews)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story>>

Brazil Industrial Production Rises Unexpectedly

12/02/2022 - 08:08 AM (RTTNews)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.