By Martin M. Sobczyk
WARSAW--The Polish manufacturing sector's expansion slowed sharply in October, Markit Economics said Wednesday, reflecting a decline in incoming new business and the weakest growth rate of employment in over two years.
A survey of 300 industrial companies showed that the manufacturing purchasing managers index was at 50.2 in October compared with 52.2 in September.
A PMI figure below 50 indicates a contraction in activity, while a number above that level signals expansion.
"The weak PMI figures for October follow on from the surprise slowdown in the official growth rate of industrial output," Markit said.
Poland's industrial output growth slowed in September to 3.2% in annual terms from 7.5% in August.
The latest PMI survey shows Poland may miss the full-year 3.2% economic growth rate Markit projects for 2016, it said.
Write to Martin M. Sobczyk at firstname.lastname@example.org
(END) Dow Jones Newswires
November 02, 2016 04:35 ET (08:35 GMT)
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