Poland’s Purchasing Managers’ Index (PMI) fell 0.9 points to 45 in May (chart), the economic intelligence company S&P Global said on June 3. The reading missed the consensus, which assumed a gain of 1.1 points to 47. The indicator has now lingered below the 50-point mark separating contraction from growth for 25 months straight, the longest series since the survey began in 1998. “New orders, exports, output and employment all declined at faster rates during the month, and purchasing activity fell for a record twenty-fourth month running,” S&P Global said. On a positive note, “inflationary pres…