Poland Factory Downturn Eases in March

2026-04-01 07:35 By Mariene Camarillo 1 min. read

Poland’s S&P Global Manufacturing PMI rose to 48.7 in March 2026 from 47.1 in February, surpassing market expectations of 47.1, and pointing to a slower deterioration in business conditions.

The improvement was supported by an increase in manufacturing output, the first rise since April 2025, and softer declines in new orders and input stocks.

In contrast, new orders continued to fall for the twelfth consecutive month.

Employment also contracted for the eleventh month in a row, with the rate of staff reductions accelerating to the fastest since September 2023.

Cost pressures surged sharply, fueled by higher energy, fuel, and commodity prices linked to the Middle East conflict.

Input price inflation reached its highest since October 2022, while suppliers’ delivery times lengthened to the greatest extent since June 2022.

Looking ahead, firms remained cautiously optimistic, expecting demand to recover and planning investments in production capacity and new client acquisition.



News Stream
Poland Factory Downturn Eases in March
Poland’s S&P Global Manufacturing PMI rose to 48.7 in March 2026 from 47.1 in February, surpassing market expectations of 47.1, and pointing to a slower deterioration in business conditions. The improvement was supported by an increase in manufacturing output, the first rise since April 2025, and softer declines in new orders and input stocks. In contrast, new orders continued to fall for the twelfth consecutive month. Employment also contracted for the eleventh month in a row, with the rate of staff reductions accelerating to the fastest since September 2023. Cost pressures surged sharply, fueled by higher energy, fuel, and commodity prices linked to the Middle East conflict. Input price inflation reached its highest since October 2022, while suppliers’ delivery times lengthened to the greatest extent since June 2022. Looking ahead, firms remained cautiously optimistic, expecting demand to recover and planning investments in production capacity and new client acquisition.
2026-04-01
Polish Manufacturing Downturn Unexpectedly Deepens
Poland’s S&P Global Manufacturing PMI fell to 47.1 in February 2026 from 48.8 in January, below the expected 49.2, signaling the sharpest deterioration in business conditions since August 2025. New orders contracted to its steepest pace in seven months, alongside renewed declines in employment and purchasing activity. Output also fell for a tenth straight month, though the pace of decline eased and was the slowest since November. Export orders continued to weaken but at a comparatively modest rate. Backlogs of work declined again, prompting firms to cut staff at the fastest rate since May 2024. Meanwhile, input cost inflation accelerated sharply to a 37-month high, largely reflecting higher raw material prices, particularly metals and wood products. Despite rising costs, weak demand limited firms’ ability to raise selling prices. Business confidence remained positive, supported by expectations of improved economic conditions and stronger demand over the coming year.
2026-03-02
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Poland’s S&P Global Manufacturing PMI edged up to 48.8 in January from 48.5 in December, below the expected 49, and remained in contraction for a ninth straight month, though it signaled a slower deterioration. Output and new orders continued to decline but at softer rates, while export demand weakened only marginally despite ongoing softness in German markets. Backlogs of work rose for just the third time in nearly four years, supporting a rebound in purchasing activity, with input stocks increasing at the fastest pace since mid-2022. Employment declined at a quicker rate. On prices, input costs rose modestly for a third consecutive month amid subdued inflation pressures, while output prices increased only slightly. Business confidence strengthened sharply, with output expectations reaching their highest level since June 2021 on hopes of demand recovery, investment, and new markets.
2026-02-02