Poland’s Purchasing Managers’ Index (PMI) declined 0.3 points to 47.1 in January (chart), the economic intelligence company S&P Global said on February 1. The reading misses the consensus, which assumed a gain of 0.8 points to 48.2. The indicator has now lingered below the 50-point mark separating contraction from growth for 21 consecutive months. The January decline extends the waiting time for a decisive recovery in Poland’s manufacturing sector, green shoots of which are anticipated to appear shortly. “We estimate that the economic situation in the domestic industry is not as bad as the PMI…