WARSAW: The contraction in activity at Polish factories eased slightly in March, with production and new business showing more modest declines than in February.
The IHS Markit purchasing managers' index for manufacturing rose to 48.7 in March from 47.6 in February, above the 47.6 expected by analysts in a Reuters poll but below the 50 level that separates growth from contraction.
The result marked a four-month high, but nevertheless new export business posted its strongest fall since June 2009.
"It is unclear whether the Polish manufacturing sector turned a corner in March," said Trevor Balchin, Director at IHS Markit, which compiles the Poland Manufacturing PMI survey.
"With the German manufacturing sector experiencing a stronger downturn in March (according to the flash estimate), it is likely that Poland will continue to be impacted by the weakness of its western neighbour in the short term."
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