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By Wojciech Kosc in Warsaw Poland’s Purchasing Managers’ Index (PMI) remained unchanged at 45 in June (chart), the economic intelligence company S&P Global said on July 1. The reading inched up above the consensus, which assumed a drop of 0.1 points to 44.9. The indicator has now lingered below the 50-point mark separating contraction from growth for 26 months straight, the longest series since the survey began in 1998. “Sharp declines were indicated for production, new orders, exports and employment, while purchasing activity fell for a record twenty-fifth month running,” S&P Global said. “We…

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