Poland Manufacturing Confidence Improves in January

The general business climate indicator for manufacturing in Poland fell to -5.2 in March 2026, down from -3.2 in the previous month, marking the lowest reading since December 2025. The indicator remained below its long-term average of +0.5, as confidence weakened in accommodation and catering (3.7 vs 8.1) and information and communication (10.7 vs 11.7), while conditions deteriorated further in industrial processing (-5.2 vs -3.2) and transportation and storage (-3.4 vs -0.1). Meanwhile, some sectors showed improvement, particularly construction (-2.8 vs -4.7) and retail trade (-1.3 vs -2.1), while sentiment strengthened in wholesale (2.5 vs 1.4) and financial and insurance activities (26.8 vs 25.1).

The general business climate indicator for manufacturing in Poland rose to -3.2 in February 2026 from -4.1 in the previous month. It marked the highest reading since August 2021, although the indicator remained below its long-term average of +0.5. Other sectors also showed improvements, particularly construction (-4.7 vs -5.6), retail trade (-2.1 vs -2.7), and transportation and storage (-0.1 vs -0.4). In contrast, sentiment weakened in information and communication (11.7 vs 12.1) and financial and insurance activities (25.1 vs 25.4).

The general business climate indicator for manufacturing in Poland rose to -4.1 in January 2026 from a one-year low of -11.6 in December 2025. Despite the improvement, the indicator remained below its long-term mean of +0.5. Most companies expected the prices of services or raw materials to increase at a slower pace in both the near term (47.5) and the longer term (51). Aside from the manufacturing sector, the construction sector (-5.6) also gave the most pessimistic assessment, with the indicator also remaining below the long-term mean of -3.6. In contrast, the financial and insurance sector continued to show the most positive sentiment (25.4), broadly in line with its long-term average.